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Ichimoku Cloud Analysis 28.07.2016 (GBP/USD, GOLD)

Analysis for July 28th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect support from D Kijun-Sen, resistance from Senkou Span A, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, resistance from Tenkan-Sen, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is inside the cloud. Short‑term forecast: we can expect resistance from Senkou Span B, support from Tenkan-Sen, and attempts of the price to stay above the cloud.



 
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