Ichimoku Cloud Analysis 10.10.2014 (GBP/USD, GOLD)
10.10.2014
Analysis for October 10th, 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; all lines are horizontal. Chinkou Lagging Span is on the chart, Kumo Cloud is heading down, and the price is below Kijun-Sen. Short term forecast: we can expect resistance from Kijun-Sen, and decline of the price towards M Kijun-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo; all lines except Senkou Span B are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is going up, 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 formed “Golden Cross” (1) below Kumo; Tenkan-Sen and Senkou Span A 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.