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Ichimoku Cloud Analysis 26.01.2017 (GBP/USD, GOLD)

Article By RoboForex.com

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: D Tenkan-Sen and D Kijun-Sen are forming D “Golden Cross” (3); Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2) and expanding, Chinkou Lagging Span is above the chart, and the price is above Tenkan-Sen. Short-term forecast: we can expect a descending correction, support from Kijun-Sen, and then growth of the price.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is getting closer to the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen, resistance from 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 intersected and formed “Dead Cross” (1), but the lines are still influenced by D “Golden Cross” (3). Ichimoku Cloud is closed (2), Chinkou Lagging Span is below the chart, and the price is near Kumo’s downside border inside the daily cloud. Short‑term forecast: we can expect resistance from Senkou Span B, and the price to be corrected towards D Kijun-Sen.

 

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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