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Ichimoku Cloud Analysis 08.08.2016 (GBP/USD, GOLD)

Analysis for August 8th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); the price fixed under D Kijun-Sen. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from D Kijun-Sen, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is below Tenkan-Sen. Short-term forecast: we can expect resistance from the cloud’s downside border, and decline of the price.




XAU USD, “Gold vs US Dollar”

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



 
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