Analysis for April 4th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” above Kumo Cloud (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Senkou Span B, resistance from D Senkou Span A, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1); Kijun-Sen, Senkou Span A, and Tenkan-Sen are moving downwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect decline of the price and support from H4 Kijun-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud. Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect growth of the price towards Kumo’s lower border.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” inside Kumo Cloud (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is closed (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Senkou Span A, and growth of the price.
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