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Ichimoku Cloud Analysis 20.05.2015 (GBP/USD, GOLD)

Analysis for May 20th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is going up and narrowing (2). Short-term forecast: we can expect resistance from Tenkan-Sen – Senkou Span A, and attempts of the price to stay below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect resistance from Senkou Span A, support from Tenkan-Sen – Kijun-Sen, and attempts of the price to stay inside the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are moving towards each other above Kumo Cloud. Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving upwards (2). Short‑term forecast: we can expect resistance from Kijun-Sen, support from W Tenkan-Sen, and growth of the price.



 
RoboForex Analytical Department

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