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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 29.09.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 29.09.2016 (GBP/USD, GOLD)

29.09.2016

Analysis for September 29th, 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; they may intersect form “Golden Cross” (1). D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3). D Ichimoku Cloud started heading down; Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Kijun-Sen – Tenkan-Sen – D Tenkan-Sen – Senkou Span B, and a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud (1); they may intersect and form “Dead Cross”. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect support from the cloud’s downside border, 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 intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross”. Ichimoku Cloud is moving upwards (2) and getting narrower; the daily cloud is falling. Chinkou Lagging Span crossed the white candlestick downwards  and fixed below the chart. Short‑term forecast: we can expect resistance from Senkou Span B, and decline of the price below the cloud.



 
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