Ichimoku Cloud Analysis 06.01.2017 (GBP/USD, GOLD)
06.01.2017
Analysis for January 6th, 2017
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame D. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud continues going down (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting and forming “Golden Cross”. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is between D Tenkan-Sen and D Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span B, and growth of the price towards D Kijun-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame D. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is moving downwards, Chinkou Lagging Span is still on the chart, and the price is below Kumo. Short‑term forecast: we can expect a further growth of the price towards resistance from Senkou Span A.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.