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Ichimoku Cloud Analysis 31.08.2015 (GBP/USD, GOLD)

Analysis for August 31st, 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). Chinkou Lagging Span is below the chart; Ichimoku Cloud is going down (2). Short-term forecast: we can expect a further decline of the price towards resistance from W Senkou Span A.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), but the mid-term Senkou Span B is directed downwards. Ichimoku Cloud is closed (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Kijun-Sen and Senkou Span A.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but Tenkan-Sen is directed towards resistance from D Senkou Span B, D Tenkan-Sen, and H4 Kijun-Sen. Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from the above-mentioned lines, and decline of the price.



 
RoboForex Analytical Department

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