Ichimoku Cloud Analysis: GBP/USD, Gold
Analysis for April 22nd, 2016
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is heading up (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, and decline of the price towards Kijun-Sen and Senkou Span A.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-Sen, and more attempts of the price to stay under the cloud.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are
influenced by “Golden Cross” (1); all lines except Senkou Span B are
directed upwards. Ichimoku Cloud is moving upwards, Chinkou Lagging Span
is above the chart, and the price is on D Tenkan-Sen. Short‑term
forecast: we can expect support from D Kumo’s upside border, resistance
from Tenkan-Sen, and decline of the price towards D Kijun-Sen.
