Ichimoku Cloud Analysis 15.10.2015 (GBP/USD, GOLD)
15.10.2015
Analysis for October 15th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); all lines except Kijun-Sen are directed upwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price reached the upper border of D Kumo – D Senkou Span B. Short-term forecast: we can expect support from W Tenkan-Sen – W Kijun-Sen, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
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). Chinkou Lagging Span is above the chart, Ichimoku Cloud and the channel between Tenkan-Sen and Kijun-Sen are moving upwards and widening (2), and the price is below the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price towards the lower border of W Kumo – W 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.