Ichimoku Cloud Analysis 13.01.2016 (GBP/USD, GOLD)

13.01.2016

Analysis for January 13th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is still below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and a further decline of the price.



GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is close to the chart. Short-term forecast: we can expect resistance from the cloud’s lower border, and attempts of the price to stay above it.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is still moving upwards (2), and the price is on D Kijun-Sen. Short‑term forecast: we can expect support from W Tenkan-Sen, and growth of the price.



 
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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.