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Ichimoku Cloud Analysis 16.06.2015 (GBP/USD, GOLD)

Analysis for June 16th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is going up (2), and the price is above the lines. Short-term forecast: we can expect support from D Senkou Span A, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is very narrow, but continues heading up. Short-term forecast: we can expect 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 inside Kumo Cloud and formed “Dead Cross” (1); the lines are still very close to each other. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is close to the cloud’s upper border. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price towards W Tenkan-Sen.



 
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