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Ichimoku Cloud Analysis 08.12.2016 (GBP/USD, GOLD)

Analysis for December 8th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), but the lines are still influenced by D “Golden Cross” (3); Kijun-Sen is directed upwards. Ichimoku Cloud is heading up, the daily cloud is rising as well, and Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is very narrow and still going down (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect the price to return to the cloud’s broken border and then continue moving upwards.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud, they may intersect and form “Golden Cross” (1), but 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 on 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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