Ichimoku Cloud Analysis 29.01.2016 (GBP/USD, GOLD)

Analysis for January 29^th, 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 (2), Chinkou Lagging Span is above the chart, and the price is near Kumo’s upper border, between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Span B, and the price to move towards D Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); the lines are very close to each other above Kumo Cloud. Ichimoku Cloud is going up (2), Chinkou Lagging Span is near the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1), but Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is between Tenkan-Sen and Kijun-Sen, above the cloud. Short‑term forecast: we can expect support from D Senkou Span B – D Tenkan-Sen – Senkou Span B.



 
RoboForex Analytical Department