Analysis for January 21st, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, decline of the price, and then a correction towards Senkou Span A.
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud “Dead Cross” (1). Ichimoku Cloud is still going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from the cloud’s lower border, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed upwards. 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 Tenkan-Sen, and growth of the price up to the D Kumo’s upside border.
RoboForex Analytical Department
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