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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 23.09.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 23.09.2016 (GBP/USD, GOLD)

23.09.2016

Analysis for September 23rd, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud and are still influenced by “Dead Cross” (1); D Tenkan-Sen is directed downwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is very close to the chart, and the price faced resistance from the downside border of the daily cloud. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is going up (2), but almost closed; Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from the cloud’s downside border (Senkou Span B), and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are moving upwards (2). However, D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3); Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen, resistance from Senkou Span A, and the price to return to the cloud’s upside border.



 
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