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Ichimoku Cloud Analysis 30.09.2016 (GBP/USD, GOLD)

Analysis for September 30th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and  formed “Golden Cross” (1), but both lines are still very close to each other.  D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is heading down and the daily cloud is falling as well. Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Kijun-Sen – Tenkan-Sen – Senkou Span A, and a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen, and 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 “Dead Cross” (1), but Tenkan-Sen is directed upwards. D Tenkan-Sen and D Kijun-Sen are intersecting and forming D “Golden Cross” (3). Ichimoku Cloud is closed (2), the daily cloud continues falling, and Chinkou Lagging Span is still below the chart. Short‑term forecast: we can expect resistance from Senkou Span A – D Tenkan-Sen, and decline of the price below the cloud.



 
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