Ichimoku Cloud Analysis 02.09.2015 (GBP/USD, GOLD)

02.09.2015

Analysis for September 2nd, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); all lines are directed downwards. Chinkou Lagging Span is below the chart; Ichimoku Cloud is going down (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price towards support from W Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines except Tenkan-Sen are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price below the lines. Short-term forecast: we can expect resistance from Kijun-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 intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price rebounded from D Tenkan-Sen. Short‑term forecast: we can expect resistance from W Kijun-Sen, and decline of the price.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.