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Ichimoku Cloud Analysis 21.09.2016 (GBP/USD, GOLD)

Analysis for September 21st, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3). D Ichimoku Cloud is closing, and the H4 Cloud is moving downwards. Chinkou Lagging Span is still below the chart, and the price is rebounding from Tenkan-Sen to the downside. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another under Kumo Cloud (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is very close to the chart. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price under the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen is moving upwards. D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3). Ichimoku Cloud is moving downwards and widening (2); the daily cloud is falling as well. Chinkou Lagging Span is on the chart, and the price is being corrected inside D Kumo. Short‑term forecast: we can expect resistance from Senkou Span A, and more attempts of the price to stay below D Kumo.



 
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