Article By RoboForex.com
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud, they may intersect and form “Golden Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is close to the chart, and the price is near the cloud’s downside border. Short-term forecast: we can expect resistance from Senkou Span A and support from D Senkou Span B.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upside border and formed “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 intersecting below Kumo Cloud and forming “Golden Cross” (1); Tenkan-Sen is directed to the upside. Ichimoku Cloud is still moving downwards (2), Chinkou Lagging Span is on the chart, and the price is on D Tenkan-Sen. Short‑term forecast: we can expect resistance from Senkou Span A, support from Tenkan-Sen, and attempts of the price to fix inside the cloud.
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RoboForex Analytical Department
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.
