Ichimoku Cloud Analysis 24.07.2015

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 very close to each other above Kumo Cloud. Chinkou Lagging Span is below the chart; Ichimoku Cloud is closed (2). Short-term forecast: we can expect support from D Senkou Span B.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect attempts of the price to stay between Tenkan-Sen and Kijun-Sen.

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 close to the chart, Ichimoku Cloud is moving downwards and widening (2), and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.



 

Forex Trading | News Daily Update | FXTM Online Analysis Department.