Ichimoku Cloud Analysis 23.09.2015 (GBP/USD, GOLD)
23.09.2015
Analysis for September 23rd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); both lines are directed downwards. Kumo Cloud is going down (2); Chinkou Lagging Span is below the chart, and the price below Kumo. Short-term forecast: we can expect support from W Senkou Span A – W Kijun-Sen – M Tenkan-Sen, and return of the price to the cloud’s broken border.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting close to each other above Kumo Cloud; Kijun-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving upwards and widening (2). Short‑term forecast: we can expect resistance from D Kijun-Sen and support from D Tenkan-Sen.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.