Ichimoku Cloud Analysis 08.04.2014 (GBP/USD, GOLD)
08.04.2014
Analysis for April 8th, 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, they may intersect and form “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price broke Senkou Span A upwards. Short‑term forecast: we can expect the price to return to Kumo’s broken border.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (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, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo Cloud (1). Ichimoku Cloud is closed, Chinkou Lagging Span is above the chart, and the price is moving towards Kumo’s upper border. Short-term forecast: we can expect resistance from Senkou Span B.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” above Kumo Cloud (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
RoboForex Analytical Department
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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.