Weekly Ichimoku Cloud Analysis 16.03.2014 (GBP/USD, GOLD)
16.03.2014
Weekly Analysis, March 17th – 21st, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame Weekly. Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price towards M Senkou Span B and M Kumo’s upper border.
GBP USD, Time Frame Daily. Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud again and formed “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from Kijun-Sen – W Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Weekly. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud; Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect support form Tenkan-Sen – Senkou Span A, and growth of the price.
XAUUSD, Time Frame Daily. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen – W Senkou Span A, and growth of the price.
RoboForex Analytical Department
Attention!
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.