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Monthly Ichimoku Cloud Analysis for January 2015 (GBP/USD, GOLD)

Analysis for January 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame Weekly. 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 Kumo Cloud is going down (2). Short-term forecast: we can expect the price to fall and return to M Senkou Span A.



GBP USD, Time Frame Daily. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1) ; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is heading down (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame Daily: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1), they may intersect and form “Dead Cross”; Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is above the lines. Short‑term forecast: we can expect decline of the price and support from Senkou Span A.



 
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