Article By RoboForex.com
Analysis for June 16th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart we’ve seen that Tenkan and Kijun were moving in opposite directions above Kumo in the form of «Golden Cross» (1), Tenkan and Sinkou A are heading up, Ichimoku cloud is going up as well. Lagging line of Chinkou indicator is located above the chart and it quite a distance from it. Tenkan can provide support, M Sinkou B can provide resistance.
At H1 we see that Tenkan and Kijun are influenced by the «Golden cross». Chinkou is on the chart, Ichimoku cloud is going up. In short-term perspective we can see support from Tenkan and attempt of the price to find acceptance within a cloud.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun are influenced by the «Golden сross» (1). Ichimoku cloud is going up (2). Chinkou is located above the chart, price is above lines. In short-term perspective we can expect support from D Kijun and growth up to D Sinkou A.
At H1 chart we see that Tenkan and Kijun are influenced by the «Golden cross» (1), Ichimoku cloud is going up (2). Tenkan and Sinkou A are heading up, Chinkou is above the chart. In short-term perspective we can expect resistance from Tenkan and decline of price to support Sinkou B.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
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.
