Ichimoku Cloud Analysis 22.04.2016 (GBP/USD, GOLD)
22.04.2016
Analysis for April 22nd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is heading up (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, and decline of the price towards Kijun-Sen and Senkou Span A.
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 on the chart, and the price is inside Kumo. Short-term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-Sen, and more attempts of the price to stay under the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines except Senkou Span B are directed upwards. Ichimoku Cloud is moving upwards, Chinkou Lagging Span is above the chart, and the price is on D Tenkan-Sen. Short‑term forecast: we can expect support from D Kumo’s upside border, resistance from Tenkan-Sen, and decline of the price towards D Kijun-Sen.
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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.