Ichimoku Cloud Analysis 09.03.2017 (GBP/USD, GOLD)

March 9, 2017

Article By RoboForex.com

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) and D “Dead Cross” (3). Ichimoku Cloud is still heading down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from the cloud’s downside border, and decline of the price.

 

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); D Tenkan-Sen and D Kijun-Sen also intersected and formed D “Dead Cross” (3). Ichimoku Cloud is moving to the downside (2) and expanding, Chinkou Lagging Span is below the chart, and the price is on D Senkou Span A. Short‑term forecast: we can expect support from D Senkou Span A, resistance from W Tenkan-Sen, and a further decline of the price.


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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.