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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 22.09.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 22.09.2016 (GBP/USD, GOLD)

22.09.2016

Analysis for September 22nd, 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). Ichimoku Cloud is moving downwards (2), Chinkou Lagging Span is still below the chart, and the price is back to the downside border of the daily cloud. Short-term forecast: we can expect resistance from Kijun-Sen, support from Tenkan-Sen, and the correction towards D Tenkan-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect the price to return to the cloud’s broken border, and support from Kijun-Sen and Senkou Span A.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Golden Cross” (1). The channel between D Tenkan-Sen and D Kijun-Sen is narrowing under the influence of D “Dead Cross” (3). Ichimoku Cloud is moving downwards (2); Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Senkou Span B – D Kijun-Sen, and the price to move towards the daily cloud’s upside border.



 
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