Ichimoku Cloud Analysis 12.01.2015 (GBP/USD, GOLD)
12.01.2015
Analysis for January 12th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other, but still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is below the lines. Short-term forecast: we can expect decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading up (2), and the price is above Kumo. Short-term forecast: we can expect support from Senkou Span A, resistance from Kijun-Sen, and attempts of the price to stay below the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect support from D Kijun-Sen – Senkou Span A, and growth 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.