Ichimoku Cloud Analysis 02.10.2015 (GBP/USD, GOLD)
02.10.2015
Analysis for October 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). Kumo Cloud is heading down and widening (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect support from H4 Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards and widening (2), and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-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.