Ichimoku Cloud Analysis 23.09.2013 (GBP/USD, GOLD)
23.09.2013
Analysis for September 23rd, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); Senkou Span B is directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect the price to move downwards.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart, and the price is on Senkou Span B. Short‑term forecast: we can expect support of Tenkan-Sen – Kijun-Sen, and the price to grow up.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); Tenkan-Sen is directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Kijun-Sen – Senkou Span B, and the price to move downwards.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen, below Kumo Cloud. Short‑term forecast: we can expect support of Tenkan-Sen, resistance of Kijun-Sen – Senkou Span B, and the price to fall down.
RoboForex Analytical Department
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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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.