Ichimoku Cloud Analysis 27.10.2013 (GBP/USD, GOLD)
27.10.2013
Weekly Analysis, October 28th – November 1st, 2013
GBP/USD
GBPUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support of Tenkan-Sen – M Senkou Span A, and the price to move upwards.
GBPUSD, Time Frame Daily – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); all lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is close to the chart, and the price is above the lines. Short‑term forecast: we can expect support of Tenkan-Sen – Kijun-Sen, and the price to fall down towards the cloud.
GOLD
XAUUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Kijun-Sen and M Senkou Span B.
XAUUSD, Time Frame Daily – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); Tenkan-Sen is directed upwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Senkou Span A. Short‑term forecast: we can expect resistance of the cloud’s upper border, and support of Tenkan-Sen – Kijun-Sen.
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.