Analysis for October 20th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is between W Tenkan-Sen and W Kijun-Sen. Short-term forecast: we can expect decline of the price towards the cloud’s upper border.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Senkou Spans A and B, and then attempts of the price to stay above the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is still moving upwards (2), and the price is on Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from D Tenkan-Sen and the cloud’s upper border, and then growth of the price up to W Senkou Span A.
RoboForex Analytical Department