Ichimoku Cloud Analysis 21.01.2015 (GBP/USD, GOLD)
21.01.2015
Analysis for January 21st, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) inside Kumo Cloud. Chinkou Lagging Span is below the chart, Ichimoku Cloud is very narrow (2), but continues going down; and the price is below the lines. Short-term forecast: we can expect attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading up (2), and the price is on Senkou Span A. Short-term forecast: we can expect resistance from Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is above the lines. Short‑term forecast: we can expect growth of the price and resistance from W Senkou Span A.
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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.