Ichimoku Cloud Analysis 13.01.2017 (GBP/USD, GOLD)
Analysis for January 13th, 2017
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Kijun‑Sen. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price up to resistance from the cloud’s downside border.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is below the chart, and the price is near Kumo’s upside border. 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). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price almost reached the daily cloud’s downside border. Short‑term forecast: we can expect support from D Tenkan-Sen – Kijun-Sen, and attempts of the price to fix inside D Kumo.
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.