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Ichimoku Cloud Analysis 16.02.2016 (GBP/USD, GOLD)

Analysis for February 16th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upper border and formed “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is on the chart, and the price is inside the cloud. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – D Tenkan-Sen, and decline of the price towards D Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from the cloud’s lower border, and then decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving upwards (2). Short‑term forecast: we can expect resistance from M Kijun-Sen, support from D Tenkan-Sen, and growth of the price.



 
RoboForex Analytical Department

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