Ichimoku Cloud Analysis 25.03.2016 (GBP/USD, GOLD)
25.03.2016
Analysis for March 25th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, but the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from D Kumo’s lower border, and attempts of the price to stay inside it.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1) inside Kumo Cloud. Ichimoku Cloud is starting to go up (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect attempts of the price to stay above the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is still moving downwards and widening (2), and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price towards D Senkou Span A.
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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.