Ichimoku Cloud Analysis 20.02.2017 (GBP/USD, GOLD)

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is still heading down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price towards W Tenkan-Sen.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting and forming “Golden Cross” (1); Tenkan-Sen is directed to the upside. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span A. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1) and D “Golden Cross”; Tenkan-Sen is directed to the upside. Ichimoku Cloud is very narrow, but still moving upwards (2), Chinkou Lagging Span is close to the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from Kijun-Sen – Senkou Span A.

RoboForex Analytical Department