Ichimoku Cloud Analysis 01.04.2015 (GBP/USD, GOLD)
01.04.2015
Analysis for April 1st, 2015
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); Tenkan-Sen, Kijun-Sen, and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is widening and still going down (2), and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud; both lines are directed downwards (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from Senkou Span A, 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). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving upwards (2). Short‑term forecast: we can expect support from the cloud’s upper border, and attempts of the price to stay below Kumo.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.