Analysis for March 28th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, but the price is on D Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, the price to be corrected up to W Tenkan-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one anther inside Kumo Cloud; they may intersect and form “Golden Cross” (1. Ichimoku Cloud is closed so far (2), Chinkou Lagging Span is below the chart, and the price is above Kumo. 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 influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price towards D Kumo.
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