Ichimoku Cloud Analysis 21.01.2016 (GBP/USD, GOLD)
21.01.2016
Analysis for January 21st, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, decline of the price, and then a correction towards Senkou Span A.
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud “Dead Cross” (1). Ichimoku Cloud is still going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from the cloud’s lower border, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price up to the D Kumo’s upside 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.