Analysis for June 17th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. D Tenkan-Sen provided resistance, Ichimoku Cloud is still heading down (2) and widening, and Chinkou Lagging Span is close to the chart. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and an ascending correction towards the cloud’s downside border.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (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 – Senkou Span A, and growth of the price.
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); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is moving upwards (2); Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from Kijun-Sen, support from D Tenkan-Sen – Senkou Span A, and growth of the price.
RoboForex Analytical Department