Article By RoboForex.com
Analysis of Ichimoku’s Indicator on July 21, 2016
GBP USD “British Pound to US Dollar”
GBPUSD, ТF Н4. Indicator’s Signals: Tenkan-Kijun are under influence of “dead cross” (1), Kumo rising (2), but is narrow, the late Chinkou line is on chart, price is on D Tenkan-Kijun. Resistance D Tenkan-Kijun and price reducing could be expected.
GBPUSD, ТF Н1. Tenkan-Kijun approached each other above Kumo, but they are still under influence of “dead cross” (2) and broadening, the late Chinkou line is on chart, price is on Kijun-Chinkou B. For the short term support of the top cloud border could be expected.
GOLD “Gold”
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XAUUSD А Н4. Indicator’s Signals: Tenkan and Kijun merged under Kumo (1), cloud rising (2), the late Chinkou line is almost on chart, price is under lines. Resistance Tenkan-Kijun and price reducing 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.
