Ichimoku Cloud Analysis 06.01.2014 (GBP/USD, GOLD)
06.01.2014
Analysis for January 6th, 2014
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Ichimoku Cloud is going down (2); the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance from D Kijun-Sen and Senkou Span B, and decline of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2). Short‑term forecast: we can expect resistance from Tenkan-Sen and D Kijun-Sen, and decline of the price.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2); the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen and growth of the price
XAUUSD, Time Frame H1. Ichimoku Cloud is going up (2); the price is on Tenkan-Sen. Short‑term forecast: we can expect support from Kijun-Sen and ascending movement 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.