Ichimoku Cloud Analysis: GBP/USD, Gold

Ichimoku Cloud Analysis: GBP/USD, Gold

22 April 2016, 13:51
Roberto Jacobs
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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.

2204gbpusdh4_20160422112048.png


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.

2204gbpusdh1_20160422112100.png



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.

2204xauusdh4_20160422112111.png


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