Analysis for January 26th, 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), but all lines except Kijun-Sen are directed downwards. Ichimoku Cloud continues heading down (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen and D Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen – D Tenkan-Sen, decline of the price and then attempts to stay inside the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price os on Tenkan-Sen, below Kumo Cloud. Short-term forecast: we can expect the price to return to the cloud’s broken border and then continue falling.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price reached the upper border of D Kumo and W Kijun-Sen. Short‑term forecast: we can expect resistance from these lines, and a further growth of the price.
RoboForex Analytical Department
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