Ichimoku Cloud Analysis 19.01.2016 (GBP/USD, GOLD)

19.01.2016

Analysis for January 19th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud continues heading down (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price up to D Tenkan-Sen.



GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1). Ichimoku Cloud is very narrow, but continues going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Senkou Span B, support from Tenkan-Sen – Kijun-Sen, and attempts of the price to stay above the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is between Tenkan-Sen and Kijun-Sen, inside D Kumo. Short‑term forecast: we can expect support from D Kijun-Sen – W Tenkan-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.