Ichimoku Cloud Analysis 29.01.2015 (GBP/USD, GOLD)
29.01.2015
Analysis for January 29th, 2015
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). Chinkou Lagging Span is on the chart, and Ichimoku Cloud is going up (2). Short-term forecast: we can expect support from Kijun-Sen – D Tenkan-Sen, and growth of the price towards D Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is closed (2), and the price is inside Kumo. Short-term forecast: we can expect support from Tenkan-Sen, and attempts of the price to stay below the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is below the chart, and Ichimoku Cloud is moving upwards (2). Short‑term forecast: we can expect the price to move inside the cloud.
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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.