Ichimoku Cloud Analysis: GBP/USD, Gold
Analysis for April 28th, 2016
GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1) so far. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is still above the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price towards W Kijun-Sen.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen, inside Kumo. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are
intersecting inside Kumo Cloud and forming “Golden Cross” (1);
Tenkan-Sen is directed upwards. Ichimoku Cloud is closed; Chinkou
Lagging Span is still on the chart. Short‑term forecast: we can expect
growth of the price.
