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Ichimoku Cloud Analysis 26.10.2016 (GBP/USD, GOLD)

Analysis for October 26th, 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 heading down (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short-term forecast: we can expect resistance from D Kijun-Sen – Senkou Span A, and decline of the price below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going up (2); the price is near Kumo’s downside border. Short-term forecast: we can expect support from Tenkan-Sen, 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 are intersecting above Kumo Cloud again and forming “Golden Cross” (1); but the lines are getting closer to each other. 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 moving above Kumo towards D Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price.



 
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