Article By RoboForex.com

Analysis for September 30^th, 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 “Golden Cross” (1), but both lines are still very close to each other.  D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is heading down and the daily cloud is falling as well. Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Kijun-Sen – Tenkan-Sen – Senkou Span A, and a further decline of the price.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is 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 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 “Dead Cross” (1), but Tenkan-Sen is directed upwards. D Tenkan-Sen and D Kijun-Sen are intersecting and forming D “Golden Cross” (3). Ichimoku Cloud is closed (2), the daily cloud continues falling, and Chinkou Lagging Span is still below the chart. Short‑term forecast: we can expect resistance from Senkou Span A – D Tenkan-Sen, and decline of the price below the cloud.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.