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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). Kumo Cloud is going down and widening (2), Chinkou Lagging Span is below the chart, and the price below the lines. Short-term forecast: we can expect support from M Tenkan-Sen, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is close to the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from the cloud’s upper border, and attempts of the price to stay inside Kumo.
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Golden Cross” above Kumo Cloud (1); Kijun-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving upwards and widening (2). Short‑term forecast: we can expect resistance from the cloud’s upper border, and growth of the price.
RoboForex Analytical Department
Article By RoboForex.com
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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.