Analysis for October 5th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP 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. Kumo Cloud is heading down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Senkou Span A – W Senkou Span A – W Kijun-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud; they may intersect and form “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is inside Kumo. Short‑term forecast: we can expect resistance from Senkou Span A and support from Senkou Span B – W Tenkan-Sen.
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