Article By RoboForex.com
Analysis for August 19th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); Kijun-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is going up (2). Short-term forecast: we can expect support from D Tenkan-Sen and the H4 Kumo’s upper border, and growth of the price inside the W Kumo towards W Senkou Span B.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); both lines are directed upwards. Ichimoku Cloud is expanding upwards (2), Chinkou Lagging Span is close to the chart, and the price on support from Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), but are still very close to each other; Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving upwards (2), and the price is above the lines. Short‑term forecast: we can expect support from Kijun-Sen, 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.
