Analysis for September 1st, 2015
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); Kijun-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart; Ichimoku Cloud is going down (2). 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 are influenced by “Dead Cross” (1). Ichimoku Cloud is very narrow and going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Senkou Spans A and B, and a further decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is on D Tenkan-Sen, may be below D Kumo. Short‑term forecast: we can expect the price to leave the cloud and move inside the channel between Tenkan-Sen and Kijun-Sen up to its upper border.
RoboForex Analytical Department