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Analysis of Ichimoku Indicator on July 15, 2016
GBP USD “Pound – US Dollar”
GBPUSD, ТF Н4. Indicator’s signals: “Golden cross” influences on Tenkan-Kijun (1), Kumo rise (2), the late Chinkou line is above the chart, price tries to fix above cloud. Support of Tenkan and growth of price could be expected.
GBPUSD, ТF Н1. Tenkan-Kijun separeted in Kumo as “golden cross” (1), cloud rise (2) and broadening, the late Chinkou line approaches to the chart, price is on Tenkan. For the short terms, support of Kijun and price rising could be expected.
GOLD “Gold”
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XAUUSD ТF Н4. Indicator’s signals: Tenkan and Kijun is under influence of “dead cross” (1), cloud descending (2), the late Chinkou line is under the chart, price is on Tenkan, in Kumo. Resistance of Tenkan and price descending in cloud to lower border and D Kijun could be expected.
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.