Analysis for April 26th, 2016
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is heading 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 W Kijun-Sen.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines except Tenkan-Sen are directed upwards. 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 – Kijun-Sen, and growth of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but Tenkan-Sen is directed upwards. Ichimoku Cloud is moving downwards, Chinkou Lagging Span is on the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from D Kijun-Sen, and decline of the price.
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