Article By RoboForex.com
Weekly Analysis, March 31st – April 4th 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame Weekly. Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). 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 towards M Senkou Span B and M Kumo’s upper border.
GBP USD, Time Frame Daily. Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross”. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support from Senkou Span A – W Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Weekly. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud; Senkou Span B is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen and resistance from Senkou Span A.
XAUUSD, Time Frame Daily. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud; Tenkan-Sen, Kijun-Sen, and Senkou Span A are directed downwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span crossed white candlestick and right now is below the chart, and the price is near Kumo’s upper border. Short‑term forecast: we can expect support from Senkou Span A, resistance from Tenkan-Sen, and attempts of the price to stay inside Kumo.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
