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Ichimoku Cloud Analysis 05.02.2015 (GBP/USD, GOLD)

Analysis for February 5th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo Cloud. Chinkou Lagging Span is on the chart, Ichimoku Cloud is going up (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but very close to each other; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is above the chart, and Ichimoku Cloud is heading up (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to stay inside the cloud.




XAU USD, “Gold vs US Dollar”

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



 
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