Ichimoku Cloud Analysis 03.02.2016 (GBP/USD, GOLD)
03.02.2016
Analysis for February 3rd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is heading up and widening (2), Chinkou Lagging Span is above the chart, and the price is on D Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A – D Tenkan-Sen, and growth of the price above the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other (1) and still influenced by “Golden Cross”; Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud continues going up (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Kijun-Sen, resistance from Tenkan-Sen, and attempts of the price to stay below the cloud.
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). 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 Kijun-Sen – W Kijun-Sen, 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.