Analysis for April 1st, 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 “Dead Cross” (1); Tenkan-Sen, Kijun-Sen, and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is widening and still going down (2), and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud; both lines are directed downwards (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is closed (2). 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 influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving upwards (2). Short‑term forecast: we can expect support from the cloud’s upper border, and attempts of the price to stay below Kumo.
RoboForex Analytical Department