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Ichimoku Cloud Analysis 04.02.2015 (GBP/USD, GOLD)

Analysis for February 4th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud; they can intersect and form “Golden Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is going up (2), and the price is above the lines. Short-term forecast: we can expect the price to return to the cloud’s border after breaking it and then to move upwards.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is heading up (2), and the price is above the lines. Short-term forecast: we can expect growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, and Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price.



 
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