Ichimoku Cloud Analysis 26.05.2015 (GBP/USD, GOLD)
26.05.2015
Analysis for May 26th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other inside Kumo Cloud (1) and still influenced by “Dead Cross”. Chinkou Lagging Span is below the chart; Ichimoku Cloud is going down (2). Short-term forecast: we can expect resistance from D Kijun-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); both lines are directed downwards. Chinkou Lagging Span is below the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is very narrow, but still moving upwards (2). Short‑term forecast: we can expect resistance from W Tenkan-Sen, and decline of the price.
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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.