Ichimoku Cloud Analysis 21.03.2016 (GBP/USD, GOLD)

21.03.2016

Analysis for March 21st, 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). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above to the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, support from D Senkou Span A, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is very narrow and going up (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen, inside Kumo. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price towards Senkou Span A.




XAU USD, “Gold vs US Dollar”

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



 
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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.