Ichimoku Cloud Analysis 29.03.2016 (GBP/USD, GOLD)
29.03.2016
Analysis for March 29th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting below Kumo Cloud and forming “Golden Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is on the chart, and the price is on W Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen – 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 “Golden Cross” (1. Ichimoku Cloud is going up (2), Chinkou Lagging Span is very close to the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – 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 still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price towards D Kumo’s upper border.
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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.