Analysis of Ichimoku Indicator for GBP/USD and GOLD on 13.09.2016
13.09.2016
Analysis of Ichimoku Indicator on September 13, 2016
GBP/USD "Pound vs US Dollar"
GBP/USD, TF H4. Indicator's Signals: influence of "dead cross" is still can be seen (1), however, the Cloud keeps raising (2), the late Chinkou line has crossed the chart downwards, the price has settled in the Kumo. We can expect that price will be descending and leave the Cloud.
GBP/USD, TF H1. Tenkan and Kijun have been spread in the Kumo into "dead cross" (1), ascending Cloud is shrinking, the late Chinkou line is on the chart, the Price is settled under the Cloud. In the short term, we can expect resistance at Senkou A and downwards price movement under the Cloud.
GOLD "Gold"
XAUUSD TF H4. Indicator's Signals: Tenkan-Kijun is under the influence of the "dead cross" (1), The Kumo keeps raising (2) but it is shrinking and can change direction. The late Chinkou line has been on the chart and crossed the white candle, the price bounced from upper cloud boundary and now it is in the Tenkan and Kijun channel. We might see Tenkan support, and Senkou A resistance, and price descending.
GBP/USD "Pound vs US Dollar"
GBP/USD, TF H4. Indicator's Signals: influence of "dead cross" is still can be seen (1), however, the Cloud keeps raising (2), the late Chinkou line has crossed the chart downwards, the price has settled in the Kumo. We can expect that price will be descending and leave the Cloud.
GBP/USD, TF H1. Tenkan and Kijun have been spread in the Kumo into "dead cross" (1), ascending Cloud is shrinking, the late Chinkou line is on the chart, the Price is settled under the Cloud. In the short term, we can expect resistance at Senkou A and downwards price movement under the Cloud.
GOLD "Gold"
XAUUSD TF H4. Indicator's Signals: Tenkan-Kijun is under the influence of the "dead cross" (1), The Kumo keeps raising (2) but it is shrinking and can change direction. The late Chinkou line has been on the chart and crossed the white candle, the price bounced from upper cloud boundary and now it is in the Tenkan and Kijun channel. We might see Tenkan support, and Senkou A resistance, and price descending.
Attention!
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.