Article By RoboForex.com
Ichimoku Cloud Analysis 07.09.2016
GBP USD “Great Britain Pound vs. US Dollar”
GBPUSD, Timeframe H4. Indicator signals: the “golden cross” (1) is still in force, Tenkan-Kijun channel is widening; after being narrowed, the cloud (2) is rising further, the Chinkou Lagging Span holds above the chart, the price is on Tenkan-Sen and inside the daily cloud. We can expect a support for Tenkan-Sen and current Kijun and the price rising.
GBPUSD, Timeframe H1. Tenkan-Sen and Kijun-Sen have come close to each other over Kumo and now can diverge with a “death cross” (1); after having narrowed, the cloud rose further, the Lagging Chinkou Span is almost on the chart, and the price is above the cloud. In the near-term we can expect a support for Sinkou A and B, a resistance for Tenkan-Kijun and the price hold above the cloud.
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XAUUSD, Timeframe H4. Indicator signals: the “golden cross” (1) influences the lines, Kumo is rising (2), the Lagging Chinkou span is above the chart, the price is above the lines. We can expect a support for Tenkan-Sen and a rise of the price.
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.