Analysis for September 28th, 2016
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, “Great Britain Pound vs US Dollar”
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.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.