Ichimoku Cloud Analysis 22.01.2016 (GBP/USD, GOLD)
22.01.2016
Analysis for January 22nd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1), but the lines are getting closer to each other below Kumo Cloud. Ichimoku Cloud continues heading down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from D Tenkan-Sen and support from Tenkan-Sen, and then attempts of the price to stay inside the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards and widening (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect support from Senkou Span B – D Tenkan-Sen, and growth of the price inside D Kumo.
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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.