Ichimoku Cloud Analysis 09.04.2014 (GBP/USD, GOLD)
09.04.2014
Analysis for April 9th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen, Senkou Spans A and B are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price above the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (1); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. 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 formed “Golden Cross” below Kumo Cloud (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is near Kumo’s upper border. Short-term forecast: we can expect resistance from Senkou Span B, support from Tenkan-Sen, and attempts of the price to stay above Kumo.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Senkou Span B, 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.