Ichimoku Cloud Analysis 06.04.2016 (GBP/USD, GOLD)

06.04.2016

Analysis for April 6th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines except Senkou Span B are directed downwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect decline of the price and then a correction towards D Senkou Span A.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is still going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect 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 below Kumo Cloud and formed “Golden Cross”; Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is close to the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect support from M 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.