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” (1); D Kijun-Sen provided support; D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is heading down (2) and expanding; Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – W Tenkan-Sen, and decline of the price towards D Senkou Span B.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other below Kumo Cloud, but are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is very close to the chart. Short-term forecast: we can expect support from Tenkan-Sen and resistance from the cloud’s downside border.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); D Tenkan-Sen and D Kijun-Sen are influenced by D “Golden Cross” (3). Ichimoku Cloud is moving upwards (2); Chinkou Lagging Span is very close to the chart. Short‑term forecast: we can expect resistance from Kijun-Sen and support from M Tenkan-Sen.
RoboForex Analytical Department