Article By RoboForex.com
Analysis for August 18th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is near the cloud’s upside border. Short-term forecast: we can expect support from D Kijun-Sen and Senkou Span B, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud. Ichimoku Cloud is still very narrow, but continues moving downwards (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Spans A and B. Short‑term forecast: we can expect support from D Tenkan-Sen, resistance from Senkou Span B, and decline of the price towards D Kijun-Sen.
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.
