Ichimoku Cloud Analysis 12.01.2017 (GBP/USD, GOLD)
Analysis for January 12th, 2017
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is very close to the chart, and the price is on Tenkan‑Sen – Senkou Span A – Senkou Span B. Short-term forecast: we can expect support from Kijun-Sen – D Tenkan-Sen, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s downside border and formed “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, 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 still influenced by “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is above the lines as it almost reached the daily cloud’s downside border. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price towards resistance from D Senkou Span A.
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.