Ichimoku Cloud Analysis 15.04.2016 (GBP/USD, GOLD)
15.04.2016
Analysis for April 15th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is inside the cloud. Short-term forecast: we can expect resistance from Senkou Span B – D Senkou Span A, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines except Senkou Span B are directed upwards. Ichimoku Cloud is very narrow, but continues going down (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo. Short-term forecast: we can expect resistance from the cloud’s upside border and support from Tenkan-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is very narrow, but still moving upwards; Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from D Tenkan-Sen – D Kijun-Sen, 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.