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Ichimoku Cloud Analysis 11.03.2015 (GBP/USD, GOLD)

Analysis for March 11th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); all lines except Senkou Span B are directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect decline of the price.



GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down, but very narrow, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Senkou Span A, and attempts of the price to stay above the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.



 
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