Analysis for September 19th, 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 intersected and formed “Dead Cross” (3) as well. However, D Ichimoku Cloud is heading up (4), Chinkou Lagging Span is below the chart, and the price is back to D Kumo’s downside border. 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 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). D Tenkan-Sen and D Kijun-Sen also intersected and formed “Dead Cross” (3). Ichimoku Cloud is moving downwards and widening (2); the daily cloud is falling as well (4), Chinkou Lagging Span is below the chart, and the price is inside D Kumo. Short‑term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay above D Kumo.
RoboForex Analytical Department