Ichimoku Cloud Analysis 04.04.2014 (GBP/USD, GOLD)
04.04.2014
Analysis for April 4th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” above Kumo Cloud (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Senkou Span B, resistance from D Senkou Span A, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1); Kijun-Sen, Senkou Span A, and Tenkan-Sen are moving downwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect decline of the price and 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. Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect growth of the price towards Kumo’s lower border.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” inside Kumo Cloud (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is closed (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.
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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.