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GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” below Kumo (1). Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short term forecast: we can expect resistance from Tenkan-Sen, and decline of the price towards W Kumo’s upper border.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but Tenkan-Sen is moving upwards. Ichimoku Cloud is moving down (2), and the price is between Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect growth of the price towards the cloud’s lower border.
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) inside Kumo; all lines are directed downwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect decline of the price.
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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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.