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Ichimoku Cloud Analysis 16.12.2016 (GBP/USD, GOLD)

Analysis for December 16th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

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



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is getting closer to the chart. Short-term forecast: we can expect resistance from Senkou Span A, and decline 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” and D “Dead Cross”; all lines except Senkou Span B are directed downwards. Ichimoku Cloud is moving downwards, the daily cloud is falling as well. Chinkou Lagging Span is far below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen, and a further decline of the price.



 
RoboForex Analytical Department

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