Ichimoku Cloud Analysis 26.01.2016 (GBP/USD, GOLD)
26.01.2016
Analysis for January 26th, 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), but all lines except Kijun-Sen are directed downwards. Ichimoku Cloud continues heading down (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen and D Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen – D Tenkan-Sen, decline of the price and then attempts to stay inside the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price os on Tenkan-Sen, below Kumo Cloud. Short-term forecast: we can expect the price to return to the cloud’s broken border and then continue falling.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price reached the upper border of D Kumo and W Kijun-Sen. Short‑term forecast: we can expect resistance from these lines, and a further 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.