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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 20.09.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 20.09.2016 (GBP/USD, GOLD)

20.09.2016

Analysis for September 20th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3). However, D Ichimoku Cloud is heading up (4), and the H4 Cloud is moving downwards. Chinkou Lagging Span is still below the chart, and the price is rebounding from D Senkou Span A. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Dead Cross” (1) again. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Senkou Span A – Kijun-Sen, and decline of the price under the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen is moving upwards. The channel between D Tenkan-Sen and D Kijun-Sen is expanding under the influence of D “Dead Cross” (3). Ichimoku Cloud is moving downwards and widening (2); the daily cloud is falling as well (4), Chinkou Lagging Span is getting closer to the chart, and the price is inside D Kumo. Short‑term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and more attempts of the price to stay below D Kumo.



 
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