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Ichimoku Cloud Analysis: GBP/USD, Gold

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for October 7th, 2015 GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Kumo Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo. Short-term forecast: we can expect the price to move inside the cloud towards its upper border. GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1).

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