Ichimoku Cloud Analysis 03.04.2017 (GBP/USD, GOLD)

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another, they may intersect and form “Golden Cross” (1); D Tenkan-Sen and D Kijun-Sen are influenced by D “Golden Cross” (3). Ichimoku Cloud is still heading up (2); Chinkou Lagging Span crossed the chart to the downside. Short-term forecast: we can expect decline of the price inside the cloud.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other above Kumo Cloud, but still influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Senkou Span A.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is very narrow, but continues moving upwards (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price towards D Senkou Span A.

RoboForex Analytical Department