Ichimoku Cloud Analysis 11.04.2016 (GBP/USD, GOLD)
11.04.2016
Analysis for April 11th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other below Kumo Cloud, but still influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is on the chart, and the price is on D Tenkan-Sen. Short-term forecast: we can expect resistance from D Kijun-Sen and Senkou Span B, and then decline of the price towards support from W Tenkan-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is far above the chart, and the price is above the lines. Short-term forecast: we can expect growth 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); both lines are directed upwards. Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is above D Kijun-Sen. Short‑term forecast: we can expect support from D Kijun-Sen, and growth.
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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.