Ichimoku Cloud Analysis 19.09.2016 (GBP/USD, GOLD)
19.09.2016
Analysis for September 19th, 2016
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). D Tenkan-Sen and D Kijun-Sen intersected and formed “Dead Cross” (3) as well. However, D Ichimoku Cloud is heading up (4), Chinkou Lagging Span is below the chart, and the price is back to D Kumo’s downside border. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.
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. Short-term forecast: we can expect resistance from Senkou Span A – Kijun-Sen, and decline of the price under the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). D Tenkan-Sen and D Kijun-Sen also intersected and formed “Dead Cross” (3). Ichimoku Cloud is moving downwards and widening (2); the daily cloud is falling as well (4), Chinkou Lagging Span is below the chart, and the price is inside D Kumo. Short‑term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay above D Kumo.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.