Ichimoku Cloud Analysis 06.05.2015 (GBP/USD, GOLD)
06.05.2015
Analysis for May 6th, 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 closed (2). Short-term forecast: we can expect resistance from W Kijun-Sen – M Senkou Span B, and attempts of the price to stay below the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect support from Senkou Span B, 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 “Golden Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is closed (2). Short‑term forecast: we can expect support from W Tenkan-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.