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GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short term forecast: we can expect resistance from Kijun-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); both lines are close to each other. Ichimoku Cloud is heading down, Chinkou Lagging Span is on the chart, and the price is inside a narrow channel between Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect resistance from Senkou Span A, and attempts of the price to stay inside the cloud.
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), 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 D Tenkan-Sen, and 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.