Ichimoku Cloud Analysis 22.02.2016 (GBP/USD, GOLD)
22.02.2016
Analysis for February 22nd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: the influence of "Dead Cross" (1) remains, all lines are directed downwards, the Cloud is heading down (2), the lagging Chinkou remains below the chart, the price is below the lines. You can expect a decline in price.
GBPUSD, Time Frame H1. Tenkan - Kijun parted on the upper border of Kumo in a "dead cross" (1), all lines are directed downwards, the Cloud is heading down (2), the lagging Chinkou line is below the chart, the price is at Tenkan. In the short-term we can expect resistance at Tenkan and a price decline.
XAU USD, “Gold vs US Dollar”
XAUUSD Time Frame H4. Indicator signals: Tenkan - Kijun crossed above the Kumo "Golden Cross" (1), but do not diverge, Tenkan is pointing down, the cloud continues to increase (2), the Chinkou lagging is below the graph. Price is trying to gain a foothold in the Cloud, we can expect resistance of Tenkan D - Sinkou A - Tenkan and price decline.
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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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.