GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); D Tenkan-Sen and D Kijun-Sen are very close to each other, they may intersect and form D “Golden Cross”. Ichimoku Cloud is heading up (2) and expanding; Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – D Senkou Span A, and the price to be corrected towards support from W Tenkan-Sen.
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 up (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support from Senkou Span B, resistance from Kijun-Sen – Senkou Span A, and attempts of the price to fix below the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); Tenkan-Sen and Kijun-Sen formed D “Dead Cross” (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from Kijun-Sen, resistance from Tenkan-Sen, and the price to be corrected downwards to reach W Kijun-Sen.
RoboForex Analytical Department