Analysis for April 13th, 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); Kijun-Sen is directed upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen – D Kijun-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Kijun-Sen is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen, inside Kumo. Short-term forecast: we can expect resistance from the cloud’s upside border, 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), but the price is moving between Tenkan-Sen and Kijun-Sen, and trying to stay inside D Kumo. Ichimoku Cloud is moving upwards (2); Chinkou Lagging Span is getting closer to the chart. Short‑term forecast: we can expect support from Kijun-Sen, resistance from D Senkou Span A – Tenkan-Sen, and decline of the price.
RoboForex Analytical Department