Ichimoku Cloud Analysis 04.04.2017 (GBP/USD, GOLD)

04.04.2017

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1); D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is heading down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from the cloud’s upside border, and decline of the price.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect a correction towards Senkou Span B and a further decline of the price.

 

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upside border and formed “Golden Cross” (1); D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is above the lines. Short‑term forecast: we can expect support from Senkou Span A – Kijun-Sen – D Tenkan-Sen, and growth of the price towards M Senkou Span A.

 

RoboForex Analytical Department

 

Attention!

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.