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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 24.01.2013 (GBP/USD, GOLD)

Ichimoku Cloud Analysis 24.01.2013 (GBP/USD, GOLD)

24.01.2013
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Analysis for January 24th, 2013

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to enter the channel between Tenkan‑Sen and Kijun-Sen.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected near the cloud’s lower border and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen and Senkou Span B are horizontal. Ichimoku Cloud went from the red zone into the blue one (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect the price to fall down and stay above the cloud.



GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”; all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart and may cross it downwards, and the price is below Tenkan‑Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect support of Senkou Span A and the price to stay inside the cloud.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to fall down.



 
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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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.