Ichimoku Cloud Analysis 07.01.2014 (GBP/USD, GOLD)

Analysis for January 7^th, 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 on Tenkan-Sen, inside Kumo Cloud. Short‑term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen – Senkou Span A, and attempts of the price to stay above Kumo.



GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). Ichimoku Cloud is going down (2), but very narrow. Short‑term forecast: we can expect support from Tenkan-Sen and growth 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 Kijun-Sen – Senkou Span B, and growth of the price



XAUUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other (1); they may intersect and form “Dead Cross”. Ichimoku Cloud is closed (2). Short‑term forecast: we can expect support from H4 Senkou Span B.



 
RoboForex Analytical Department