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Ichimoku Cloud Analysis 03.06.2015 (GBP/USD, GOLD)

Analysis for June 3rd, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Golden Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2) and widening, and the price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from D Tenkan-Sen, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is heading up. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and attempts of the price to stay below the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is below the lines. Short‑term forecast: we can expect resistance from Senkou Span A, and then the price may break D Kumo downwards.



 
RoboForex Analytical Department

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