Article By RoboForex.com
Analysis for September 21st, 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). D Ichimoku Cloud is closing, and the H4 Cloud is moving downwards. Chinkou Lagging Span is still below the chart, and the price is rebounding from Tenkan-Sen to the downside. 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 ran into one another under Kumo Cloud (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is very close to the chart. Short-term forecast: we can expect resistance from Senkou Span A, 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. D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3). Ichimoku Cloud is moving downwards and widening (2); the daily cloud is falling as well. Chinkou Lagging Span is on the chart, and the price is being corrected inside D Kumo. Short‑term forecast: we can expect resistance from Senkou Span A, and more attempts of the price to stay below D Kumo.
RoboForex Analytical Department
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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.
