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Ichimoku Cloud Analysis 05.10.2016 (GBP/USD, GOLD)

Analysis for October 5th, 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); Tenkan-Sen and D Tenkan-Sen are directed downwards. Ichimoku Cloud is heading down and the daily cloud is falling as well. Chinkou Lagging Span is moving below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, 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); the channel between these lines is getting narrower. Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Span A, 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; D Tenkan-Sen is 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 a correction up to resistance from Tenkan-Sen, and decline of the price.



 
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