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Ichimoku Cloud Analysis 04.01.2017 (GBP/USD, GOLD)

Analysis for January 4th, 2017

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame D. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is still below the chart, and the price is on Tenkan-Sen inside Kumo. Short-term forecast: we can expect support from Senkou Span B and resistance from W Tenkan-Sen.



GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), but the lines are still influenced by D “Dead Cross” (3). Ichimoku Cloud continues heading down, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and decline of the price.




XAU USD, “Gold vs US Dollar”

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



 
RoboForex Analytical Department

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