Article By RoboForex.com
Analysis of Ichimoku Indicator on 16 September, 2016
GBP/USD “Pound vs US Dollar”
GBP/USD, TF H4. The price has bounced from Kijun line, so far there is still the influence of “dead cross” (1), the Cloud has changed direction and it is getting lower (2), while a daily Kumo has started raising, the Chinkou is under the chart. We can expect Kijun resistance and further price drop in the daily Kumo.
GBP/USD, TF H1. Tenkan – Kijun have split into “gold cross” (1), the Cloud is raising but it is still narrow (2), the Chinkou is bouncing from the chart in a downward direction. In the short term we might see Senkou A resistance and price descending under the Cloud.
GOLD “Gold”
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XAU/USD TF H4. The price has reached Cloud lower boundary, D Tenkan and D Kijun are splitting into “dead cross” (3), on the current chart we also see “dead cross” influence (1), the Kumo is getting lower and expanding (2), the Chinkou line is still under the chart. We might see Kijun resistance and the price may try to settle under daily Kumo.
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.
