Ichimoku Cloud Analysis 26.09.2016 (GBP/USD, GOLD)
26.09.2016
Analysis for September 26th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3). Ichimoku Cloud is heading down (2), the daily cloud is still closed, and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but the lines are very close to each other. Ichimoku Cloud is going down (2); Chinkou Lagging Span is still below the chart. Short-term forecast: we can expect resistance from Kijun-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 influenced by “Golden Cross” (1). D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving upwards (2), the daily cloud is falling. Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from Senkou Span A, and the price to return to the cloud’s upside border.
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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.