Article By RoboForex.com
Analysis of Ichimoku Indicator on September 12, 2016
GBP/USD “Pound vs US Dollar”
GBP/USD, TF H4, Indicator’s Signals: Tenkan-Kijun is under influence of “dead cross” (1), the Cloud (Kumo) continues to rise (2), the late Chinkou line is below chart, the price is in the Kumo. We can expect price descending to daily support of Senkou A.
GBP/USD, TF H1. Tenkan and Kijun have been spread under Kumo into “dead cross” (1), the Cloud is descending, the late Chinkou line is closing to the chart, the price on Tenkan. In the short term, we can expect Tenkan resistance and descending price under the Cloud.
GOLD “Gold”
Free Reports:
XAU/USD TF H4. Tenkan and Kijun have been spread above Kumo into “dead cross” (1), the Kumo is ascending so far (2), the late Chinkou line is on the chart, the price is on the Senkou B. We can expect daily Tenkan resistance and price descending.
Article By RoboForex.com
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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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.