Ichimoku Cloud Analysis 14.03.2016 (GBP/USD, GOLD)
14.03.2016
Analysis for March 14th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is still above the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect decline of the price towards support from Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is getting closer to the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from the cloud’s upper border, and attempts of the price to stay inside it.
XAU USD, “Gold vs US Dollar”
XAU 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. Chinkou Lagging Span is rebounding from the chart downwards, Ichimoku Cloud is moving upwards (2), and the price is trying to stay inside the cloud. Short‑term forecast: we can expect resistance from Senkou Span A – D Tenkan-Sen, and the price to move inside Kumo towards support from its lower border.
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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.