Ichimoku Cloud Analysis 24.03.2015 (GBP/USD, GOLD)
24.03.2015
Analysis for March 24th, 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 inside Kumo Cloud (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from Senkou Span B, support from Senkou Span A – Tenkan-Sen – Kijun-Sen, 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 on Tenkan-Sen. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price.
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 on Tenkan-Sen. Short‑term forecast: we can expect support from Senkou Span B, and growth of the price.
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.