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Ichimoku Cloud Analysis 19.12.2016 (GBP/USD, GOLD)

Analysis for December 19th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen still influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards. D Tenkan-Sen and D Kijun-Sen are very close to each other. Ichimoku Cloud is heading down (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 D Kijun-Sen, and decline of the price towards D Senkou Span A.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but they are getting closer to each other; Tenkan-Sen is directed downwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from the cloud’s downside border, and attempts of the price to fix above Kumo.




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”. Ichimoku Cloud is moving downwards, the daily cloud is falling as well. 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 – D Tenkan-Sen, and a further decline of the price.



 
RoboForex Analytical Department
 

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