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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 05.04.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 05.04.2016 (GBP/USD, GOLD)

05.04.2016

Analysis for April 5th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upper border and formed “Dead Cross” (1). Ichimoku Cloud is heading up so far (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short-term forecast: we can expect support from W Tenkan-Sen, and growth of the price towards Senkou Span B.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is below the lines. Short-term forecast: we can expect decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other near Kumo’s lower border; they may intersect and form “Golden Cross”. Chinkou Lagging Span is above the chart; Ichimoku Cloud is still moving downwards (2). Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – D Senkou Span A, and growth of the price towards D Kijun-Sen.



 
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