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Ichimoku Cloud Analysis 22.12.2016 (GBP/USD, GOLD)

Analysis for December 22nd, 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 intersected and formed D “Dead Cross” (3) as well. Ichimoku Cloud is heading down (2) and expanding, Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect a further decline of the price inside the daily cloud towards D Senkou Span B.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting inside Kumo Cloud and forming “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is closed (2); Chinkou Lagging Span is on 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 very close to each other below Kumo Cloud, they may intersect and form “Golden Cross”. Ichimoku Cloud is moving downwards, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect the price to be corrected towards resistance from Senkou Span A, and then continue falling.



 
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