Article By RoboForex.com
Ichimoku Cloud Analysis, 09.09.2016
GBP USD “Great Britain Pound vs. US Dollar”
GBPUSD, Timeframe H4 Indicator signals: Tenkan-Sen and Kijun-Sen have diverged above the Kumo and formed a “Dead Cross” (1), but Kijun-Sen points downwards, the cloud (2) keeps rising and is widening, the Lagging Chinkou span is on the chart while the price is above the cloud. We can expect a support for daily Tenkan-Sen and Sinkou A and a rise of the price.
GBPUSD, Timeframe H1. Tenkan-Sen and Kijun-Sen has diverged over Kumo and formed a “dead cross» (1), the cloud is declining, the Lagging Chinkou span is under the chart, the price is under the lines. In the near-term we can expect a resistance for Kijun – Sinkou A and declining of the price under the cloud.
GOLD
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
XAUUSD, Timeframe H4. Indicator signals: the “golden cross” (1) is still in force here, Kumo (2) is rising, the Lagging Chinkou span is above the chart, the price has come back into Tenkan-Kijun channel and into the daily cloud. We can expect a support for Kijun – D Kijun and a rise of the price.
Article By RoboForex.com
Attention!
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.
