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Ichimoku Cloud Analysis 19.01.2017 (GBP/USD, GOLD)

Article By RoboForex.com

GBP USD, “Great Britain Pound vs US Dollar”

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

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other above Kumo Cloud, but still influenced by “Dead Cross” (1). Ichimoku Cloud is heading up (2), but very narrow, Chinkou Lagging Span is on the chart, and the price is above the lines. Short-term forecast: we can expect resistance from H4 Tenkan-Sen, and decline of the price.

 

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1) and D “Golden Cross” (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is close to the chart, and the price is moving inside the daily cloud on Kijun-Sen. Short‑term forecast: we can expect support from Senkou Span A, and the growth of the price towards the daily cloud’s upside border.

 

RoboForex Analytical Department
Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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