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Ichimoku Cloud Analysis 07.05.2015 (GBP/USD, GOLD)

Analysis for May 7th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud, but still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from W Kijun-Sen – M Senkou Span B, and attempts of the price to stay below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is heading up (2), but is very narrow. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect support from W Tenkan-Sen, resistance from Senkou Span A, and decline of the price.



 
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