Article By RoboForex.com

Analysis for September 20^th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3). However, D Ichimoku Cloud is heading up (4), and the H4 Cloud is moving downwards. Chinkou Lagging Span is still below the chart, and the price is rebounding from D Senkou Span A. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Dead Cross” (1) again. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Senkou Span A – Kijun-Sen, and decline of the price under the cloud.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen is moving upwards. The channel between D Tenkan-Sen and D Kijun-Sen is expanding under the influence of D “Dead Cross” (3). Ichimoku Cloud is moving downwards and widening (2); the daily cloud is falling as well (4), Chinkou Lagging Span is getting closer to the chart, and the price is inside D Kumo. Short‑term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and more attempts of the price to stay below D Kumo.

RoboForex Analytical Department

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.