Ichimoku Cloud Analysis 02.02.2015 (GBP/USD, GOLD)
02.02.2015
Analysis for February 2nd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is going up (2), and the price is between Tenkan-Sen – Kijun-Sen, inside Kumo. Short-term forecast: we can expect resistance from D Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is near the cloud’s lower border. Short-term forecast: we can expect resistance from Senkou Span B, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but Tenkan-Sen is directed upwards. Chinkou Lagging Span is below the chart, and Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price.
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.