Ichimoku Cloud Analysis: GBP/USD, Gold
|Analysis for October 28th, 2016
GBPUSD, "Great Britain Pound vs US Dollar"
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by "Golden Cross" (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is almost closed (2), Chinkou Lagging Span is below the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Spans A and B, and decline of the price below the cloud.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed "Dead Cross" (1). Ichimoku Cloud is going down (2); the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price below the cloud.
XAUUSD, "Gold vs US Dollar"
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud, they may intersect and form "Dead Cross" (1). D Tenkan-Sen and D Kijun-Sen are still influenced by D "Dead Cross" (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support from Senkou Span B, and growth of the price.
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