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Ichimoku Cloud Analysis 26.12.2016 (GBP/USD, GOLD)

Analysis for December 26th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1) and D “Dead Cross” (3); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is heading down (2) and expanding, Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect the correction to continue to the upside to reach Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is very narrow, but continues going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, support from Kijun-Sen – Senkou Span A, and growth of the price inside the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is moving downwards, Chinkou Lagging Span is still on the chart, and the price is on Tenkan-Sen and D Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen, and the price to be corrected to the upside to reach the cloud’s downside border.



 
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