Ichimoku Cloud Analysis 05.02.2015 (GBP/USD, GOLD)
05.02.2015
Analysis for February 5th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo Cloud. Chinkou Lagging Span is on the chart, Ichimoku Cloud is going up (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but very close to each other; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is above the chart, and Ichimoku Cloud is heading up (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to stay inside the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: 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 Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect attempts of the price to stay below the cloud.
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.