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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 03.02.2016 (GBP/USD, GOLD)
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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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