Ichimoku Cloud Analysis 03.01.2014 (GBP/USD, GOLD)
03.01.2014
Analysis for January 3rd, 2014
GBP/USD
GBPUSD, Time Frame H4. Kijun-Sen, Senkou Spans A and B are directed upwards. Ichimoku Cloud is going up (2); the price is above Kumo Cloud. Short‑term forecast: we can expect support from D Kijun-Sen and Senkou Span B.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2). Short‑term forecast: we can expect resistance from D Tenkan-Sen and support from D Kijun-Sen.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2); the price is above the lines. Short-term forecast is bullish.
XAUUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from H4 Senkou Span B and ascending movement of the price.
RoboForex Analytical Department
Attention!
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.