Ichimoku Cloud Analysis 31.10.2014 (GBP/USD, GOLD)

October 31, 2014

Analysis for October 31st, 2014

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud. Chinkou Lagging Span is on the chart, Kumo Cloud is closed (2), and the price is below the lines. Short term forecast: we can expect resistance from Senkou Span B.

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud. Chinkou Lagging Span is on the chart, Kumo Cloud is going down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect resistance from Senkou Span B, and decline of the price.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is heading down (2), and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.

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