Ichimoku Cloud Analysis 02.04.2015 (GBP/USD, GOLD)
02.04.2015
Analysis for April 2nd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1), but they are moving closer to each other again. Chinkou Lagging Span is on the chart, Ichimoku Cloud is very narrow but still going down (2), and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are moving closer to each other above Kumo Cloud; Tenkan-Sen is directed downwards (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other near Kumo’s upper border, they may intersect and form “Golden Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving upwards (2). Short‑term forecast: we can expect support from the cloud’s upper border, and growth of the price.
RoboForex Analytical Department
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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.