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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 “Golden Cross” (1); D Tenkan-Sen and D Kijun-Sen are influenced by D “Golden Cross” (3). Ichimoku Cloud is still heading up (2); Chinkou Lagging Span is getting closer to the chart. Short-term forecast: we can expect support from D Tenkan-Sen – Senkou Span A, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); however, the lines are still very close to each other. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is near the cloud’s downside border. Short-term forecast: we can expect resistance from Senkou Span A, and the price to be corrected to the downside.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); D Tenkan-Sen and D Kijun-Sen are influenced by D “Golden Cross”. Ichimoku Cloud is moving upwards, Chinkou Lagging Span is on the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen, resistance from Kijun‑Sen, and attempts of the price to fix inside the cloud.
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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.