Ichimoku Cloud Analysis 23.04.2015 (GBP/USD, GOLD)
23.04.2015
Analysis for April 23rd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is going up (2), and the price is on Tenkan-Sen, inside D Kumo. Short-term forecast: we can expect support from Kijun-Sen – D Senkou Span A, and growth of the price towards resistance from D Senkou Span B.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span on the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect support from the cloud’s upper border, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect decline of the price towards D Senkou Span A (D Kumo’s lower 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.