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Ichimoku Cloud Analysis 07.12.2016 (GBP/USD, GOLD)

Analysis for December 7th, 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 “Golden Cross” (1) and D “Golden Cross” (3), but the lines are getting closer to each other; Tenkan-Sen is directed downwards. Ichimoku Cloud is heading up (2); Chinkou Lagging Span is getting closer to the chart. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price up to the H4 Senkou Span A.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Golden Cross” (1); Tenkan-Sen is directed upwards, both lines are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving downwards, the daily cloud is falling as well. Chinkou Lagging Span is close to the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect resistance from W Senkou Span A, and decline of the price.



 
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