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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 06.04.2016 (GBP/USD, GOLD)
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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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