Ichimoku Cloud Analysis 09.03.2016 (GBP/USD, GOLD)

09.03.2016

Analysis for March 9th, 2016

GBP USD, “Great Britain Pound vs US Dollar”


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



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud, they may intersect and form “Golden Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price near the cloud’s upper border. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.




XAU USD, “Gold vs US Dollar”

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




RoboForex Analytical Department


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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.