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Ichimoku Cloud Analysis 03.10.2016 (GBP/USD, GOLD)

Analysis for October 3rd, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected again below Kumo Cloud and formed “Dead Cross” (1).  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 below the chart. 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 are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is almost on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, and correction of the price up to 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). D Tenkan-Sen and D Kijun-Sen ran into one another and may also form D “Golden Cross” (3). Ichimoku Cloud is moving downwards, the daily cloud is falling as well, and Chinkou Lagging Span is still below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.



 
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