Analysis for September 26th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. D Tenkan-Sen and D Kijun-Sen are influenced by D “Dead Cross” (3). Ichimoku Cloud is heading down (2), the daily cloud is still closed, and Chinkou Lagging Span is below the chart. 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), but the lines are very close to each other. Ichimoku Cloud is going down (2); Chinkou Lagging Span is still below the chart. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving upwards (2), the daily cloud is falling. Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from Senkou Span A, and the price to return to the cloud’s upside border.
RoboForex Analytical Department