Ichimoku Cloud Analysis 05.05.2015 (GBP/USD, GOLD)
05.05.2015
Analysis for May 5th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is going up and closing (2). Short-term forecast: we can expect resistance from Senkou Span A, and attempts of the price to stay below the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen very close to each other below Kumo Cloud (1); both lines are directed downwards. Chinkou Lagging Span on the chart; Ichimoku Cloud is heading down (2). 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 influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-Sen – D Senkou Span A, 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.