Ichimoku Cloud Analysis 03.04.2014 (GBP/USD, GOLD)
03.04.2014
Analysis for April 3rd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (1); Kijun-Sen and Senkou Span A are directed upwards, Tenkan-Sen is moving downwards. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from D Senkou Span A, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1); all lines are directed downwards. Ichimoku Cloud is closed (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from H4 Kijun-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud; Kijun-Sen is directed downwards. Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect decline of the price towards support from D Senkou Span B.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Senkou Span A and resistance from Tenkan-Sen.
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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.