Ichimoku Cloud Analysis 28.04.2016 (GBP/USD, GOLD)
28.04.2016
Analysis for April 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 “Golden Cross” (1) so far. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is still above the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price towards W Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen, inside Kumo. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting inside Kumo Cloud and forming “Golden Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is closed; Chinkou Lagging Span is still on the chart. Short‑term forecast: we can expect 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.