Ichimoku Cloud Analysis 28.03.2016 (GBP/USD, GOLD)
28.03.2016
Analysis for March 28th, 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 down (2), Chinkou Lagging Span is below the chart, but the price is on D Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, the price to be corrected up to W Tenkan-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one anther inside Kumo Cloud; they may intersect and form “Golden Cross” (1. Ichimoku Cloud is closed so far (2), Chinkou Lagging Span is below the chart, and the price is above Kumo. Short-term forecast: we can expect support from Senkou Span A, 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). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price towards D Kumo.
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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.