Ichimoku Cloud Analysis 23.01.2015 (GBP/USD, GOLD)
23.01.2015
Analysis for January 23rd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); all lines are directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is very narrow (2) and continues going down; and the price is below the lines. Short-term forecast: we can expect decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1) below Kumo Cloud; all lines are directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down (2), and the price is on Tenkan-Sen. 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 H4: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). 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 attempts of the price to stay inside Tenkan-Sen – Kijun-Sen channel.
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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.