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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 07.01.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 07.01.2016 (GBP/USD, GOLD)

07.01.2016

Analysis for January 7th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud again and formed “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect decline of the price and then a correction towards resistance provided by Tenkan-Sen.



GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); both lines are directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. 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 intersected below Kumo Cloud and formed “Golden Cross” (1); all lines except Senkou Span B are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is inside Kumo. Short‑term forecast: we can expect support from Tenkan-Sen – W Tenkan-Sen, and the price to move inside the cloud.



 
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