Ichimoku Cloud Analysis 02.03.2015 (GBP/USD, GOLD)
02.03.2015
Analysis for March 2nd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud. Chinkou Lagging Span is on the chart, and Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay below the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen formed strong “Dead Cross” (1) below Kumo Cloud. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Span A, and decline 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 “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is almost closed (2), and the price is inside the cloud. Short‑term forecast: we can expect support from Kijun-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.