Ichimoku Cloud Analysis 25.01.2016 (GBP/USD, GOLD)
25.01.2016
Analysis for January 25th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud continues heading down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price between D Tenkan-Sen and D Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price towards the cloud’s lower border, which provides support.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards and widening (2), and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price inside D Kumo towards its upper border.
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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.