Analysis for October 26th, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short-term forecast: we can expect support from D Kijun-Sen, resistance from the cloud’s lower border, and then decline of the price below the lines.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is getting closer to the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other inside Kumo Cloud (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is inside Kumo. Short‑term forecast: we can expect resistance from D Tenkan-Sen and the cloud’s upper border, and decline of the price towards W Kijun-Sen.
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