Ichimoku Cloud Analysis 20.10.2015 (GBP/USD, GOLD)

20.10.2015

Analysis for October 20th, 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 “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is between W Tenkan-Sen and W Kijun-Sen. Short-term forecast: we can expect decline of the price towards the cloud’s upper border.



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 on the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Senkou Spans A and B, and then attempts of the price to stay above the cloud. 




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is still moving upwards (2), and the price is on Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from D Tenkan-Sen and the cloud’s upper border, and then growth of the price up to W Senkou Span A.



 
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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.