Ichimoku Cloud Analysis 20.03.2015 (GBP/USD, GOLD)
20.03.2015
Analysis for March 20th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected again below Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is very narrow and continues going down (2), and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to stay inside the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down, and the price is below the lines. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving downwards (2), and the price is inside Kumo. Short‑term forecast: we can expect attempts of the price to stay above the cloud.
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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.