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Ichimoku Cloud Analysis 05.01.2017 (GBP/USD, GOLD)

Analysis for January 5th, 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 still going down (2), Chinkou Lagging Span is below the chart, and the price remains on Tenkan-Sen inside Kumo. Short-term forecast: we can expect support from Senkou Span B, resistance from W Tenkan-Sen, and decline of the price.



GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen got very close to each other again inside Kumo Cloud, they may intersect and form “Golden Cross”; Tenkan-Sen is directed upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is on D Tenkan-Sen. Short-term forecast: we can expect support from Senkou Span A and resistance from D Tenkan-Sen.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame D. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Golden Cross”; Tenkan-Sen is directed upwards. Ichimoku Cloud is moving downwards, Chinkou Lagging Span is on the chart, and the price is below Kumo. Short‑term forecast: we can expect growth of the price towards resistance from Senkou Span A.



 
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