Ichimoku Cloud Analysis 29.05.2015 (GBP/USD, GOLD)
29.05.2015
Analysis for May 29th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross”. Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect decline of the price towards D Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1) and still influenced by “Dead Cross”; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is close to the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – Senkou Span A, and decline of the price.
XAU USD, “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), and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect growth of the price, and resistance from W Tenkan-Sen – D Kijun-Sen – Senkou Span A.
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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.