Ichimoku Cloud Analysis 28.10.2015 (GBP/USD, GOLD)
28.10.2015
Analysis for October 28th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span is below the chart, and the price is below the lines, on D Kijun-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, and then decline of the price under the lines.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is still going down (2), Chinkou Lagging Span is on the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Kijun-Sen – Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1) formed below Kumo Cloud. Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is inside Kumo, on D Tenkan-Sen. Short‑term forecast: we can expect resistance from the cloud’s upper border, and decline of the price.
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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.