Analysis for January 13th, 2016
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, “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); 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.
RoboForex Analytical Department
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