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Ichimoku Cloud Analysis 04.10.2016 (GBP/USD, GOLD)

Analysis for October 4th, 2016

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), D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3); all above-mentioned lines are directed downwards. Ichimoku Cloud is heading down and the daily cloud is falling as well. Chinkou Lagging Span is below the chart and moving away from it. Short-term forecast: we can expect a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, 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 “Dead Cross” (1), D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3) as well; Tenkan-Sen and D Tenkan-Sen are directed downwards. Ichimoku Cloud is moving downwards, the daily cloud is falling as well, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.



 
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