Ichimoku Cloud Analysis 13.04.2015

Ichimoku Cloud Analysis (GBP/USD, GOLD)

FXTM Online Analysis Department.

GBP USD “Great Britain Pound vs US Dollar

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is far below the chart; Ichimoku Cloud is going down (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); the lines are very close to each other below Kumo Cloud. Chinkou Lagging Span is below the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect resistance from the cloud’s lower border, and decline of the price.

 “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is very narrow, but is still moving upwards (2). Short‑term forecast: we can expect resistance from D Tenkan-Sen, and decline of the price.



 

FXTM Online Analysis Department.