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Ichimoku Cloud Analysis 28.09.2016 (GBP/USD, GOLD)

Analysis for September 28th, 2016

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); D Tenkan-Sen is directed downwards. D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3) as well. Ichimoku Cloud is heading down (2), the daily cloud also started falling, and Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected (1) and formed “Golden Cross” again; H4 Kijun-Sen provided resistance. Ichimoku Cloud is going up (2), Chinkou Lagging Span is very close to the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from the cloud’s downside border, and growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud (1), they may intersect and form “Dead Cross”; Tenkan-Sen is directed downwards. The channel between D Tenkan-Sen and D Kijun-Sen is getting narrower, but the lines are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving upwards (2), the daily cloud is falling. Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect resistance from Senkou Span B, and attempts of the price to stay below the cloud.



 
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