Ichimoku Cloud Analysis 13.04.2016 (GBP/USD, GOLD)

13.04.2016

Analysis for April 13th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Kijun-Sen is directed upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen – D Kijun-Sen, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Kijun-Sen is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen, inside Kumo. Short-term forecast: we can expect resistance from the cloud’s upside border, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but the price is moving between Tenkan-Sen and Kijun-Sen, and trying to stay inside D Kumo. Ichimoku Cloud is moving upwards (2); Chinkou Lagging Span is getting closer to the chart. Short‑term forecast: we can expect support from Kijun-Sen, resistance from D Senkou Span A – Tenkan-Sen, and decline 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.