Monthly Ichimoku Cloud Analysis for January 2015 (GBP/USD, GOLD)
01.01.2015
Analysis for January 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame Weekly. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, and Kumo Cloud is going down (2). Short-term forecast: we can expect the price to fall and return to M Senkou Span A.
GBP USD, Time Frame Daily. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1) ; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Kumo 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 Daily: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1), they may intersect and form “Dead Cross”; Tenkan-Sen is directed downwards. 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 decline of the price and support from Senkou Span A.
RoboForex Analytical Department
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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.