Ichimoku Cloud Analysis 19.09.2014 (GBP/USD, GOLD)
19.09.2014
Analysis for September 19th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other inside Kumo and still influenced by “Golden Cross” (1). Kumo Cloud is heading up, Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short term forecast: we can expect support from Kijun-Sen – Senkou Span B and resistance from W Senkou Span A.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Kumo Cloud is going up, Chinkou Lagging Span is above the chart, and the price is on H4 Senkou Span B. Short term forecast: we can expect support from Senkou Span A, and growth of the price towards Tenkan-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are moving downwards. Kumo Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Kijun-Sen, decline of the price, and then attempts to stay inside the cloud.
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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.