Ichimoku Cloud Analysis 21.04.2015 (GBP/USD, GOLD)
21.04.2015
Analysis for April 21st, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is going up (2), and the price is inside the channel between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect the price to continue moving inside the channel towards support from Kijun-Sen – D Kijun-Sen – D Tenkan-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span below the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect resistance from Tenkan-Sen, 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 “Golden Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving downwards (2), but almost closed. Short‑term forecast: we can expect 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.