RoboForex - Analytics

RoboForex

907.00 5.50/10
77% of positive reviews
Real
How to join the service?

Ichimoku Cloud Analysis 17.10.2016 (GBP/USD, GOLD)

Analysis for October 17th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1); D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is heading up (2); the daily cloud continues falling. Short-term forecast: we can expect resistance from Kijun-Sen – Senkou Span B, and decline of the price below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upside border 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 Tenkan-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 intersecting below Kumo Cloud and forming “Dead Cross” (1) again. D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving downwards; the daily cloud is also falling. Chinkou Lagging Span is below the chart; the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect resistance from Senkou Span A and decline of the price towards support from M Tenkan-Sen.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree