Analysis for April 18th, 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). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is on the chart, and the price is inside the cloud, on D and W Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, 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 above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect support from the cloud’s upside border, and growth of the price.
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 moving downwards, Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen, inside Kumo. Short‑term forecast: we can expect support from Tenkan-Sen, resistance from D Tenkan-Sen – D Kijun-Sen, and decline of the price.
RoboForex Analytical Department