Ichimoku Cloud Analysis: GBP/USD, Gold

RoboForex Team RoboForex

Analysis for October 14th, 2016

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1); D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is closed; the daily cloud continues heading down. Short-term forecast: we can expect resistance from Kijun-Sen – Senkou Span A, and decline of the price towards support from D Tenkan-Sen.

GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another near Kumo’s upside border (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span B. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.

XAUUSD, “Gold vs US Dollar”

XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting and forming “Golden Cross” (1) below Kumo Cloud. D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving downwards; the daily cloud is also falling. Chinkou Lagging Span is on the chart; the price is on D Tenkan-Sen. Shortâ€‘term forecast: we can expect resistance from Senkou Span A and decline of the price towards support from M Tenkan-Sen.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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