Ichimoku Cloud Analysis 23.10.2014 (GBP/USD, GOLD)
23.10.2014
Analysis for October 23rd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is on the chart, Kumo Cloud is going up (2), but very narrow, and the price is inside the cloud. Short term forecast: we can expect support from Senkou Span A – M Kijun-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is below the lines. Short term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is on the chart, Kumo Cloud is going up (2), and the price is on Kijun-Sen. Short-term forecast: we can expect support from D Senkou Span A and W Tenkan-Sen.
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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.