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Ichimoku Cloud Analysis 29.04.2015 (GBP/USD, GOLD)

Analysis for April 29th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Chinkou Lagging Span is far above the chart, Ichimoku Cloud is going up (2), and the price is close to resistance from M Senkou Span B and D Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and the price to return to the cloud’s broken border after breaking it.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other, but still influenced by “Golden Cross” (1). Chinkou Lagging Span above the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect support from the cloud’s lower border, and growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is moving upwards (2), and the price faced resistance from M Tenkan-Sen and right now is moving inside D Kumo Cloud. Short‑term forecast: we can expect support from Kijun-Sen, and growth of the price towards D Senkou Span B.



 
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