Ichimoku Cloud Analysis 16.12.2014 (GBP/USD, GOLD)

December 16, 2014

Article By RoboForex.com

Analysis for December 16th, 2014

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1), but are still very close to each other. Chinkou Lagging Span is on the chart, Kumo Cloud is going up (2), and the price in on D Tenkan-Sen. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is below the chart, Kumo Cloud is heading down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect growth of the price towards Kijun-Sen and H4 Senkou Span B.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is closed (2), and the price is inside Kumo. Short‑term forecast: we can expect support from D Senkou Span B – D Kijun-Sen – Senkou Span B, and growth of the price.

RoboForex Analytical Department


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Article By RoboForex.com

Attention!
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.