Ichimoku Cloud Analysis, 05.09.2016
GBP USD "Great Britain Pound vs. US Dollar"
GBPUSD, Timeframe H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by the "Golden Cross" (1); after having narrowed the cloud (2) is rising further, Chinkou Lagging Span holds above the chart, the price is above the lines and inside the daily cloud, Tenkan-Kijun channel is widening. We can expect a support for Tenkan-Sen and a rise of the price.
GBPUSD, Timeframe H1. Tenkan-Sen and Kijun-Sen have diverged once again above the Kumo and formed a "Golden Cross” (1), the cloud is rising (2) but has narrowed significantly, the Lagging Chinkou Span has got close to the chart, and the price is on the Tenkan-Sen. In the short term we can expect a support for Senkou Span A and a rise of the price.
XAU USD, Timeframe H4. Indicator signals: Tenkan-Sen and Kijun-Sen have intersected under Kumo and formed a “Golden Cross” (1), Kumo keeps declining (2), Chinkou Lagging Span is above the chart, and the price is under the cloud’s border. One can expect a resistance for Senkou Span A and a support for daily Tenkan-Sen.