Ichimoku Cloud Analysis 26.01.2015 (GBP/USD, GOLD)
26.01.2015
Analysis for January 26th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other and still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is very narrow (2) and continues going down; and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen and resistance from Kijun-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1) below Kumo Cloud. Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is moving towards the chart from above, Ichimoku Cloud is moving upwards (2), and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect decline of the price towards the cloud’s lower border.
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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.