Analysis for September 3rd, 2015
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart; Ichimoku Cloud is going down (2). Short-term forecast: we can expect resistance from Tenkan-Sen and support from W Kijun-Sen.
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud again and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span B are directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart, and the price is inside a narrow channel between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from the cloud’s lower border, and a further 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 “Golden Cross” (1), nut hey are getting closer to each other below Kumo Cloud. Chinkou Lagging Span is close to the chart, Ichimoku Cloud is moving downwards and widening (2), and the price is moving towards W Tenkan-Sen. Short‑term forecast: we can expect support from D Kijun-Sen and W Tenkan-Sen.
RoboForex Analytical Department
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