Analysis for April 1st, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen and Senkou Span B. Short-term forecast: we can expect support from W Tenkan-Sen, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, 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 “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from D Tenkan-Sen, support from D Senkou Span A. and growth of the price towards D Kijun-Sen.
RoboForex Analytical Department