Ichimoku Cloud Analysis 27.10.2014 (GBP/USD, GOLD)
27.10.2014
Analysis for October 27th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Kumo Cloud is going down (2), and the price is on Kijun-Sen. Short term forecast: we can expect support from Senkou Span A, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo. Chinkou Lagging Span is above the chart, Kumo Cloud is going up (2), and the price is on H4 Kijun-Sen. Short term forecast: we can expect resistance from H4 Kijun-Sen, and decline of the price towards Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is closed (2), and the price is inside the cloud. Short-term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to stay below the cloud.
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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.