Ichimoku Cloud Analysis 01.04.2016 (GBP/USD, GOLD)

01.04.2016

Analysis for April 1st, 2016

GBP USD, “Great Britain Pound vs US Dollar”

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



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from D Tenkan-Sen, support from D Senkou Span A. and growth of the price towards D Kijun-Sen.



 
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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.