Ichimoku Cloud Analysis 04.01.2017 (GBP/USD, GOLD)
04.01.2017
Analysis for January 4th, 2017
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame D. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is still below the chart, and the price is on Tenkan-Sen inside Kumo. Short-term forecast: we can expect support from Senkou Span B and resistance from W Tenkan-Sen.
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), but the lines are still influenced by D “Dead Cross” (3). Ichimoku Cloud continues heading down, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame D. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud continues moving downwards, Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect resistance from Senkou Span A, and decline 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.