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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 21.10.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 21.10.2016 (GBP/USD, GOLD)

21.10.2016

Analysis for October 21st, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud, they may intersect and form “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen – Kijun-Sen – Senkou Span A – Senkou Span B. Short-term forecast: we can expect resistance from D Kijun-Sen, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen is directed downwards. Ichimoku Cloud is going down (2); the price is below the lines. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards. D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving upwards (2), 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 Kijun-Sen – D Tenkan-Sen, and growth of the price towards Senkou Span B.



 
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