Ichimoku Cloud Analysis 19.03.2015 (GBP/USD, GOLD)
19.03.2015
Analysis for March 19th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is narrow and continues going down (2), and the price is below the lines. Short-term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay inside the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is closed, and the price is above the cloud. Short-term forecast: we can expect decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is near the cloud’s lower border. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Span A, and attempts of the price to stay below the cloud.
RoboForex Analytical Department
Attention!
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.