Ichimoku Cloud Analysis 03.04.2015 (GBP/USD, GOLD)

FXTM Online Analysis Department. www.fxtmonline.com

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud. The price faced resistance from D Tenkan-Sen. Chinkou Lagging Span is on the chart, Ichimoku Cloud is still going down (2), and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect attempts of the price to stay above the cloud.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross”, but both lines are directed downwards. Chinkou Lagging Span is on the chart; Ichimoku Cloud is closed (2). Short-term forecast: we can expect decline of the price.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). Chinkou Lagging Span is still on the chart; Ichimoku Cloud is closed (2). Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price.

FXTM Online Analysis Department. www.fxtmonline.com

Apr 3, 2015