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Ichimoku Cloud Analysis 20.12.2016 (GBP/USD, GOLD)

Analysis for December 20th, 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). D Tenkan-Sen and D Kijun-Sen ran into one another (3); the may intersect and form D “Dead Cross” as well. Ichimoku Cloud is heading down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect decline of the price inside the daily cloud towards D Senkou Span A.



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



 
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