Ichimoku Cloud Analysis 06.02.2015 (GBP/USD, GOLD)
06.02.2015
Analysis for February 6th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is going up (2), and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price up to D Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross”. Chinkou Lagging Span is above the chart, Ichimoku Cloud is heading up (2), and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other and still influenced by “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from D Senkou Spans A and B
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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.