Ichimoku Cloud Analysis 11.01.2017 (GBP/USD, GOLD)
Analysis for January 11th, 2017
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan‑Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to reach other inside Kumo Cloud, they may intersect and form “Dead Cross” (1). However, Ichimoku Cloud is heading up so far (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span A. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, 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 “Golden Cross” (1). Ichimoku Cloud is moving upwards (2) and expanding, Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from Kijun-Sen, and growth of the price towards the daily cloud’s downside border.
RoboForex Analytical Department
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.