Article By RoboForex.com
Analysis of Ichimoku’s Indicator on July 18, 2016
GBP USD “Pound-US Dollar”
GBPUSD, ТF Н4. Indicator’s signals: “Golden cross” keeps its influence (1), Kumo rising (2), the late Chinkou line is above the chart, price is above the cloud. Support of Tenkan, Chinkou B, and growth of price could be expected.
GBPUSD, ТF Н1. Tenkan-Kijun approached under Kumo, but is still under influence of “dead cross” (1), cloud is descending (2), the late Chinkou line is under the chart, price is under lines. For the short terms, resistence of Tenkan and price descending could be expected.
GOLD “Gold”
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XAUUSD ТF Н4. Indicator’s signals: Tenkan and Kijun are still under influence of “dead cross” (1), cloud is descending (2), the late Chinkou line is under the chart, price is on the lower border of Kumo. Resistance of Tenkan and price descending to D Kijun could be expected.
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.
