Ichimoku Cloud Analysis 06.09.2016
GBP USD "Great Britain Pound vs. US Dollar"
GBPUSD, Timeframe H4 Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by the "Golden Cross" (1), after having narrowed the cloud (2) is rising further, the Chinkou Lagging Span holds above the chart, thе price is on the Tenkan-Sen and inside the daily cloud, the 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 above the Kumo and formed a "Golden Cross” (1), Tenkan-Sen is pointed upwards, the cloud is rising (2) but has narrowed significantly, the Lagging Chinkou Span is on the chart and the price is on the Tenkan-Sen. In the short term we can expect a support for Sinkou B and a rise of the price.
XAUUSD, Timeframe H4. Indicator signals: Tenkan-Sen and Kijun-Sen have intersected under Kumo and formed a “Golden Cross” (1), all the lines except Sinkou B are pointed upwards but Kumo keeps declining (2), Chinkou Lagging Span holds above the chart, the price is in the cloud. One can expect a support for the daily Kijun-Sen, a resistance of the upper border of the cloud. Also, we can expect the price to hold above the cloud.