GBP USD, “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), but D Tenkan-Sen and Kijun-Sen are getting closer to each other. Ichimoku Cloud is heading down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support from Tenkan-Sen, and the price to be corrected to the upside towards W Tenkan-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect support from Senkou Span A and resistance from Tenkan-Sen – Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is moving to the downside (2) and expanding, Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from W Kijun-Sen, and decline of the price towards W Tenkan-Sen.
RoboForex Analytical Department