Ichimoku Cloud Analysis 29.04.2016 (GBP/USD, GOLD)

29.04.2016

Analysis for April 29th, 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); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is heading up and widening (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen and W Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen and resistance from W Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen and support from the cloud’s upside border.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1).  Ichimoku Cloud is moving upwards; Chinkou Lagging Span is far above the chart. Short‑term forecast: we can expect support from Tenkan-Sen, and 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.