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Ichimoku Cloud Analysis 08.06.2016 (GBP/USD, GOLD)

Analysis for June 8th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is heading down (2), but very narrow; Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from D Tenkan-Sen – D Kijun-Sen – W Kijun-Sen, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), but both lines are still close to each other; Senkou Span B is directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Span A, and growth of the price.




XAU USD, “Gold vs US Dollar”

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



 
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