Ichimoku Cloud Analysis 18.03.2016 (GBP/USD, GOLD)
18.03.2016
Analysis for March 18th, 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 again (2), Chinkou Lagging Span is close to the chart, and the price is above the lines. Short-term forecast: we can expect support from D Senkou Span A – Tenkan-Sen, and growth of the price inside D Kumo.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are getting close to each other above Kumo Cloud, but still influenced by “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards, but Tenkan-Sen is moving downwards. Ichimoku Cloud is going up and widening (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from the cloud’s upper border, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is closed (2), and the price is inside the cloud. Short‑term forecast: we can expect support from Kijun-Sen, 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.