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Ichimoku Cloud Analysis 25.10.2016 (GBP/USD, GOLD)

Analysis for October 25th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen – Senkou Span A. Short-term forecast: we can expect support from Tenkan-Sen, resistance from D Kijun-Sen, and attempts of the price to stay below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1). Ichimoku Cloud is going up (2); the price is near Kumo’s upside border. Short-term forecast: we can expect resistance from Senkou Span B, and growth of the price above the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1). D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is between D Tenkan-Sen and D Kijun-Sen, near Kumo’s upside border. Short‑term forecast: we can expect resistance from Senkou Span B, support from Senkou Span A, and growth of the price towards D Kijun-Sen.



 
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