Ichimoku Cloud Analysis 01.05.2015 (GBP/USD, GOLD)
01.05.2015
Analysis for May 1st, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is going up and widening (2). Short-term forecast: we can expect support from W Kijun-Sen – M Senkou Span B, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span below the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span B and resistance from Kijun-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from W Tenkan-Sen, and decline 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.