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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 19.10.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 19.10.2016 (GBP/USD, GOLD)

19.10.2016

Analysis for October 19th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Golden Cross” inside Kumo Cloud (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is still on the chart, and the price is on D Kijun-Sen. Short-term forecast: we can expect support from Senkou Span B – Tenkan-Sen, and the ascending correction above the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but the lines are very close to each other above Kumo Cloud; Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2); the price is above the lines. Short-term forecast: we can expect growth of the price, another correction, and then support from the cloud’s upside border.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is directed upwards. D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is closed, Chinkou Lagging Span is above the chart, and the price is between D Tenkan-Sen and D Kijun-Sen, inside Kumo. Short‑term forecast: we can expect support from Tenkan-Sen, and the price to move towards the cloud’s upside border.



 
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