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Ichimoku Cloud Analysis 10.08.2016 (GBP/USD, GOLD)

Analysis for August 10th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Kijun‑Sen, and a further 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 upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen, inside Kumo. Short-term forecast: we can expect support from Kijun-Sen, 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 “Dead Cross” (1), but Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is moving upwards again (2); Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from D Tenkan-Sen, and growth of the price.



 
RoboForex Analytical Department

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