Ichimoku Cloud Analysis: GBP/USD, Gold

ANALYSIS | 03/05/2015 11:05:19 GMT

Analysis for March 5th, 2015

GBPUSD, “Great Britain Pound vs US Dollar”

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

GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.

XAUUSD, “Gold vs US Dollar”

XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is still closed (2), and the price is above the lines. Short‑term forecast: we can expect decline of the price.

Share: Analysis feed

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.