Ichimoku Cloud Analysis 14.04.2016 (GBP/USD, GOLD)
14.04.2016
Analysis for April 14th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1) inside Kumo Cloud. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is on the chart, and the price is near the cloud’s downside border. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is still moving upwards, Chinkou Lagging Span is on the chart, and the price is trying to stay inside D Kumo. Short‑term forecast: we can expect resistance from D Senkou Span A, and decline 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.