Ichimoku Cloud Analysis 27.08.2014 (GBP/USD, GOLD)
27.08.2014
Analysis for August 27th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross”. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Tenkan-Sen, and then a correction towards the cloud’s lower border.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” below Kumo (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Kijun-Sen – Senkou Span B, and attempts of the price to stay below the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo (1); D Tenkan‑Sen is moving downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on W Senkou Span A, below Kumo. Short-term forecast: we can expect an ascending correction towards the cloud’s lower border to continue.
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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.