Ichimoku Cloud Analysis 03.03.2015 (GBP/USD, GOLD)

03.03.2015

Analysis for March 3rd, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, and Ichimoku Cloud is going down (2). Short-term forecast: we can expect support from Senkou Span A, resistance from Tenkan-Sen, and attempts of the price to stay below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down (2), and the price is below the lines. 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 still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is closed (2), and the price is inside the cloud, on Tenkan-Sen. Short‑term forecast: we can expect support from Senkou Span A, and growth of the price.



 
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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.