Analysis for September 2nd, 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); all lines are directed downwards. Chinkou Lagging Span is below the chart; Ichimoku Cloud is going down (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price towards support from W Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines except Tenkan-Sen are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price below the lines. Short-term forecast: we can expect resistance from Kijun-Sen, 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 “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price rebounded from D Tenkan-Sen. Short‑term forecast: we can expect resistance from W Kijun-Sen, and decline of the price.
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