Ichimoku Cloud Analysis 09.10.2014 (GBP/USD, GOLD)
09.10.2014
Analysis for October 9th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo; Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is on the chart, and Kumo Cloud is heading down. Short term forecast: we can expect resistance from Senkou Span A and support from D Tenkan-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo. Chinkou Lagging Span is above the chart, Kumo Cloud is going up, and the price is above the lines. Short term forecast: we can expect resistance from H4 Senkou Span A and support from Kijun-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo; all lines are directed upwards. Chinkou Lagging Span is above the chart, and Kumo Cloud is going up. Short-term forecast: we can expect support from D Kijun-Sen, and growth of the price.
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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.