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Ichimoku Cloud Analysis 04.04.2023 (GBPUSD, XAUUSD, AUDUSD)

Written by

Ezekiel Chew

Updated on

April 4, 2023

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Overall Trust Index

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2335 is expected, followed by growth to 1.2585. An additional signal confirming the decline will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 1.2155, which will mean further falling to 1.2065.

GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is pushing off the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1965 is expected, followed by growth to 2055. An additional signal confirming the decline will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 1935, which will mean further falling to 1875. The scenario of the growth can be confirmed by a breakout of the upper border of the Triangle and securing above 2005.

GOLD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is correcting inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6705 is expected, followed by growth to 0.6885. An additional signal confirming the decline will be a rebound from the lower border of the ascending channel. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 0.6655, which will mean further falling to 0.6565.

AUDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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