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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 30.08.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 30.08.2016 (GBP/USD, GOLD)

30.08.2016

Analysis for August 30th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is almost closed (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting below Kumo Cloud and forming “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2) and widening, Chinkou Lagging Span is very close to the chart, and the price is on Tenkan-Sen Short-term forecast: we can expect resistance from the cloud’s downside border, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is moving downwards (2) and widening, Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect the price to continue falling inside D Kumo.



 
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