Ichimoku Cloud Analysis 13.10.2015 (GBP/USD, GOLD)
13.10.2015
Analysis for October 13th, 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). Kumo Cloud is heading up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Senkou Span A (the lower border of W Kumo).
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud. Ichimoku Cloud is closed (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving upwards and widening (2). Short‑term forecast: we can expect support from W Kijun-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.