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Ichimoku Cloud Analysis 17.03.2016 (GBP/USD, GOLD)

Analysis for March 17th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but are still influenced by “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect resistance from D Senkou Span A and support from Senkou Span A, and then growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is 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.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1), but they are getting closer inside Kumo Cloud; Tenkan-Sen is directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is closed (2), and the price is above the lines. Short‑term forecast: we can expect support from the cloud’s upper border, and growth of the price.



 
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