Ichimoku Cloud Analysis 19.04.2016 (GBP/USD, GOLD)

19.04.2016

Analysis for April 19th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is on the chart, and the price is above the lines. Short-term forecast: we can expect growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); al lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is closed, Chinkou Lagging Span is below the chart, and the price is on Kijun-Sen, inside Kumo. Short‑term forecast: we can expect support from D Kijun-Sen, and growth of the price towards D Senkou Span A.  



 
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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.