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Ichimoku Cloud Analysis (GBP/USD, GOLD)
Forex Trading |News Daily Update |FXTM Online Analysis Department.
Great Britain Pound vs US Dollar
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); the lines are moving towards each other below Kumo Cloud. Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect resistance from Tenkan-Sen, support from Kijun-Sen – Senkou Span A, and growth of the price.
Gold vs US Dollar
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect support from D Senkou Span A, and growth of the price towards the cloud.
Forex Trading |News Daily Update |FXTM Online Analysis Department.
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