Ichimoku Cloud Analysis 28.08.2014 (GBP/USD, GOLD)
28.08.2014
Analysis for August 28th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo; they may intersect and form “Golden Cross”. Ichimoku Cloud is going down, Chinkou Lagging Span is on the chart, and the price is above Tenkan-Sen – Kijun-Sen, below Kumo. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and attempts of the price to stay inside the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from H4 Senkou Span A, support from Senkou Span B, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo (1); all lines except Senkou Span B are moving upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is on D Senkou Span B, near Kumo’s lower border. Short-term forecast: we can expect support from Tenkan-Sen – D Tenkan-Sen – Senkou Span A, and attempts of the price to stay above the cloud.
RoboForex Analytical Department
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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.