Ichimoku Cloud Analysis 01.09.2014 (GBP/USD, GOLD)
01.09.2014
Analysis for September 1st, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going down, Chinkou Lagging Span is above the chart, and the price is inside Kumo. Short‑term forecast: we can expect support from D Tenkan-Sen, movement of the price inside Kumo and then and attempts to stay above it.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” above Kumo (1); all lines are directed upwards. Ichimoku Cloud is heading up (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price towards H4 Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen got very close to each other inside Kumo and are still influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo. Short-term forecast: we can expect resistance from D Senkou Span B – Senkou Span B, 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.