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GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross”. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is trying to stay inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect a correction towards Kijun-Sen – Senkou Span A, and then decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below Kumo; Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is very narrow (2) and still going down, Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect attempts of the price to stay above the cloud.
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside Tenkan-Sen – Kijun-Sen channel. Short-term forecast: we can expect a correction towards W Senkou Span A, and then decline of the price.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.