Ichimoku Cloud Analysis 08.04.2015 (GBP/USD, GOLD)
08.04.2015
Analysis for April 8th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud. Chinkou Lagging Span is above the chart, Ichimoku Cloud is closed (2), and the price broke D Kijun-Sen. Short-term forecast: we can expect support from D Kijun-Sen, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); both lines are directed upwards. Chinkou Lagging Span crossed the chart upwards; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect growth 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 moving upwards (2), and the price faced resistance from D Kumo’s lower border (which is D Senkou Span A). Short‑term forecast: we can expect support from D 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.