Ichimoku Cloud Analysis 18.01.2017 (GBP/USD, GOLD)

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from Senkou Span B, and growth of the price up to D Senkou Span B.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other above Kumo Cloud, but still influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is close to the chart, and the price is between Tenkan-Sen and Kijun-Sen.  Short-term forecast: we can expect resistance from Tenkan-Sen and support from Senkou Span A.

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) and D “Golden Cross” (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is moving inside the daily cloud towards its upside border. Short‑term forecast: we can expect support from Kijun-Sen, and the growth of the price.

RoboForex Analytical Department