Ichimoku Cloud Analysis 16.09.2014 (GBP/USD, GOLD)
16.09.2014
Analysis for September 16th, 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); but all lines except Kijun-Sen are directed downwards. Kumo Cloud is heading down, Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short term forecast: we can expect support from Kijun-Sen, resistance from Senkou Span A, and a possible support from M Kijun-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo (1); both lines are directed downwards. Kumo Cloud is going down, Chinkou Lagging Span is below the chart, and the price is on H4 Kijun-Sen. Short term forecast: we can expect support from H4 Kijun-Sen, resistance from Tenkan-Sen – Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Kumo Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect growth of the price towards D Tenkan-Sen and Senkou Span A.
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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.