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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 05.02.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 05.02.2016 (GBP/USD, GOLD)

05.02.2016

Analysis for February 5th, 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 and widening (2), Chinkou Lagging Span is still above the chart, and the price is between Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from D Tenkan-Sen – Kijun-Sen, and growth of the price above the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines except Senkou Span B are directed downwards. Ichimoku Cloud continues going up (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short-term forecast: we can expect support from Senkou Span B, resistance from Kijun-Sen, and decline of the price.




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); Tenkan-Sen is directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards and widening (2), and the price is trying to stay inside D Kumo, above the lines. Short‑term forecast: we can expect support from Senkou Span A, and growth of the price.



 
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