Ichimoku Cloud Analysis, 08.09.2016
GBP USD "Great Britain Pound vs. US Dollar"
GBPUSD, Timeframe H4. Indicator signals: Tenkan-Sen and Kijun-Sen are moving closer to each other, but the "Golden Cross" (1) still influences them, Tenkan-Sen points downward; after having narrowed the cloud (2) is rising further and widening, the Chinkou Lagging Span holds above the chart, thе price is on the Kijun-Sen and inside the daily cloud. We can expect a support for daily Tenkan-Sen and a rise of the price.
GBPUSD, Timeframe H1. Tenkan-Sen and Kijun-Sen has diverged over Kumo and formed a "dead cross» (1), the cloud is rising, the Lagging Chinkou span is on the chart, the price is on Kijun. In the near-term we can expect a resistance for Sinkou В and the price falling under the cloud.
XAUUSD, Timeframe Н4. Indicator signals: the "golden cross” still in force (1), Kumo (2) is rising, the Lagging Chinkou span is above the chart, the price is on Tenkan-Sen and it holds above the daily cloud. We can expect a support D for Sinkou A and a rise of the price.