Analysis for October 20th, 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) and getting wider, Chinkou Lagging Span is above the chart, and the price is on Senkou Span B. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price above the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); both lines are directed downwards. Ichimoku Cloud is going down (2); the price is inside Kumo. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.
RoboForex Analytical Department
XAU USD, “Gold vs US Dollar”
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.