Ichimoku Cloud Analysis 28.03.2014 (GBP/USD, GOLD)
28.03.2014
Analysis for March 28th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is near cloud’s upper border. Short‑term forecast: we can expect support from Tenkan-Sen, and attempts of the price to stay above Kumo.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); Tenkan-Sen, Kijun-Sen, and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from 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 “Dead Cross” (1). Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price towards W Kijun-Sen.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden 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 Senkou Span A, and decline 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.