Ichimoku Cloud Analysis 06.03.2015 (GBP/USD, GOLD)

06.03.2015

Analysis for March 6th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP 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, and Ichimoku Cloud is going down (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price towards D Senkou Span A.



GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below Kumo Cloud. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from the cloud’s lower border, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is closed (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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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.