Ichimoku Cloud Analysis 12.03.2014 (GBP/USD, GOLD)
12.03.2014
Analysis for March 12th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo Cloud. Ichimoku Cloud is going up, and Chinkou Lagging Span is above the chart again. Short-term forecast: we can expect decline of the price towards Kumo Cloud.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo Cloud. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support form Kijun-Sen, and decline 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.