Ichimoku Cloud Analysis 08.09.2016 (GBP/USD, GOLD)
08.09.2016
Ichimoku Cloud Analysis, 08.09.2016
GBP USD "Great Britain Pound vs. US Dollar"
GBPUSD, Timeframe H4. Indicator signals: Tenkan-Sen and Kijun-Sen are moving closer to each other, but the "Golden Cross" (1) still influences them, Tenkan-Sen points downward; after having narrowed the cloud (2) is rising further and widening, the Chinkou Lagging Span holds above the chart, thе price is on the Kijun-Sen and inside the daily cloud. We can expect a support for daily Tenkan-Sen and a rise of the price.
GBPUSD, Timeframe H1. Tenkan-Sen and Kijun-Sen has diverged over Kumo and formed a "dead cross» (1), the cloud is rising, the Lagging Chinkou span is on the chart, the price is on Kijun. In the near-term we can expect a resistance for Sinkou В and the price falling under the cloud.
GOLD
XAUUSD, Timeframe Н4. Indicator signals: the "golden cross” still in force (1), Kumo (2) is rising, the Lagging Chinkou span is above the chart, the price is on Tenkan-Sen and it holds above the daily cloud. We can expect a support D for Sinkou A and a rise of the price.
GBP USD "Great Britain Pound vs. US Dollar"
GBPUSD, Timeframe H4. Indicator signals: Tenkan-Sen and Kijun-Sen are moving closer to each other, but the "Golden Cross" (1) still influences them, Tenkan-Sen points downward; after having narrowed the cloud (2) is rising further and widening, the Chinkou Lagging Span holds above the chart, thе price is on the Kijun-Sen and inside the daily cloud. We can expect a support for daily Tenkan-Sen and a rise of the price.
GBPUSD, Timeframe H1. Tenkan-Sen and Kijun-Sen has diverged over Kumo and formed a "dead cross» (1), the cloud is rising, the Lagging Chinkou span is on the chart, the price is on Kijun. In the near-term we can expect a resistance for Sinkou В and the price falling under the cloud.
GOLD
XAUUSD, Timeframe Н4. Indicator signals: the "golden cross” still in force (1), Kumo (2) is rising, the Lagging Chinkou span is above the chart, the price is on Tenkan-Sen and it holds above the daily cloud. We can expect a support D for Sinkou A and a rise of the price.
Attention!
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.