GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another (1) and may form “Golden Cross”, but they are still influenced by D “Dead Cross” (3). Ichimoku Cloud is still heading down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect a short-term decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but still influenced by “Dead Cross” (1) and D “Dead Cross” (3). Ichimoku Cloud is moving to the downside (2), Chinkou Lagging Span is getting closer to the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from Kijun-Sen, and the price to be corrected upwards.
RoboForex Analytical Department