Ichimoku Cloud Analysis 07.04.2014 (GBP/USD, GOLD)
07.04.2014
Analysis for April 7th, 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 Kijun-Sen – Senkou Span A – D Senkou Span A, and attempts of the price to stay below Kumo.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” below Kumo Cloud (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is between Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen and resistance from H4 Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are forming “Golden Cross” below Kumo Cloud (1). Ichimoku Cloud is very narrow and going down, Chinkou Lagging Span is above the chart, and the price is trying to stay inside Kumo. Short-term forecast: we can expect growth of the price towards Kumo’s upper border.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” inside Kumo Cloud (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen and decline of the price towards support from H4 Kijun-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.