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Ichimoku Cloud Analysis 02.03.2015 (GBP/USD, GOLD)

Analysis for March 2nd, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud. Chinkou Lagging Span is on the chart, and Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen formed strong “Dead Cross” (1) below Kumo Cloud. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is almost closed (2), and the price is inside the cloud. Short‑term forecast: we can expect support from Kijun-Sen, and growth of the price.



 
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