Ichimoku Cloud Analysis 30.09.2015 (GBP/USD, GOLD)
30.09.2015
Analysis for September 30th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Kumo Cloud is going down and widening (2); Chinkou Lagging Span is below the chart. 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 are very close to each other below Kumo Cloud; they may intersect and form “Golden Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is near the cloud’s upper border. Short-term forecast: we can expect resistance from Senkou Span B, support from Tenkan-Sen – Kijun-Sen – Senkou Span A, and attempts of the price to stay above Kumo.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is inside Kumo. Short‑term forecast: we can expect resistance from D Senkou Span B, the price to fall and return to the clouds’ broken border.
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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.