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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). Chinkou Lagging Span is on the chart, Ichimoku Cloud is very narrow and almost closed (2), but continues going down; and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Span A, and attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is closed (2), and the price is on Senkou Span A. Short-term forecast: we can expect resistance from H4 Senkou Span A.
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is inside Tenkan-Sen and Kijun-Sen channel. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price inside the channel
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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.