Ichimoku Cloud Analysis 29.03.2017 (GBP/USD, GOLD)

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: D Tenkan-Sen and D Kijun-Sen intersected above Kumo Cloud and formed D “Dead Cross” (1), but they are still influenced by D “Golden Cross”. Ichimoku Cloud is heading up (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other, but still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2) and expanding; Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price up to the cloud’s upside border.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, they may intersect and form “Dead Cross”; D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is close to the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support from the cloud’s upside border.

RoboForex Analytical Department