Ichimoku Cloud Analysis 05.02.2016 (GBP/USD, GOLD)

05.02.2016

Analysis for February 5th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is heading up and widening (2), Chinkou Lagging Span is still above the chart, and the price is between Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from D Tenkan-Sen – Kijun-Sen, and growth of the price above the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines except Senkou Span B are directed downwards. Ichimoku Cloud continues going up (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short-term forecast: we can expect support from Senkou Span B, resistance from Kijun-Sen, 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 “Golden Cross” (1); Tenkan-Sen is directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards and widening (2), and the price is trying to stay inside D Kumo, above the lines. Short‑term forecast: we can expect support from Senkou Span A, and growth of the price.



 
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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.