Ichimoku Cloud Analysis 30.03.2016 (GBP/USD, GOLD)

30.03.2016

Analysis for March 30th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is above the lines, on D Senkou Span B. Short-term forecast: we can expect support from Tenkan-Sen, 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 getting closer to the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, 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 getting closer to each other below Kumo Cloud, but still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from D 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.