Analysis for September 4th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down and widening (2), and the price has reached support from W Kijun-Sen and M Tenkan-Sen. Short-term forecast: we can expect the correction from the above-mentioned levels.
GBP USD, Time Frame H1. Indicator signals: 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 below the lines. Short-term forecast: we can expect resistance from the cloud’s lower border, and a further decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards and widening (2), and the price is moving below the lines. Short‑term forecast: we can expect support from W Tenkan-Sen.
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