Ichimoku Cloud Analysis 23.03.2015 (GBP/USD, GOLD)
23.03.2015
Analysis for March 23rd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is going down (2), and the price is near the cloud’s lower border. Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span A, and attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is heading up, and the price is between Tenkan-Sen and Kijun-Sen, inside Kumo. Short-term forecast: we can expect resistance from Senkou Span B and support from Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is near the cloud’s upper border. Short‑term forecast: we can expect support from Kijun-Sen, and attempts of the price to stay above the cloud.
RoboForex Analytical Department
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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.