Ichimoku Cloud Analysis 01.09.2015 (GBP/USD, GOLD)

01.09.2015

Analysis for September 1st, 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); Kijun-Sen and Senkou Span A 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.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is very narrow and going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Senkou Spans A and B, 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). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is on D Tenkan-Sen, may be below D Kumo. Short‑term forecast: we can expect the price to leave the cloud and move inside the channel between Tenkan-Sen and Kijun-Sen up to its upper 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.