Ichimoku Cloud Analysis 09.10.2015 (GBP/USD, GOLD)
09.10.2015
Analysis for October 9th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1) below Kumo Cloud. Kumo Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is close to the cloud’s upper border. Short-term forecast: we can expect resistance from D Kijun-Sen and support from Senkou Span B – Tenkan-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1) above Kumo Cloud. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving upwards and widening (2). Short‑term forecast: we can expect resistance from W Kijun-Sen, support from Tenkan-Sen, and growth 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.