Ichimoku Cloud Analysis 27.08.2015 (GBP/USD, GOLD)

27.08.2015

Analysis for August 27th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is far below the chart; Ichimoku Cloud is going down (2). Short-term forecast: we can expect the correction towards W Tenkan-Sen, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); all lines except Tenkan-Sen are directed downwards. Ichimoku Cloud is heading down (2); Chinkou Lagging Span is getting closer to the chart. Short-term forecast: we can expect the ascending correction towards the cloud’s lower border.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving upwards (2). Short‑term forecast: we can expect support from D Kijun-Sen, resistance from the cloud’s lower border, and decline of the price.



 
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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.