Analysis for January 28th, 2014
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); both lines are horizontal and very close to each other. Ichimoku Cloud is still going up (2); Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect decline of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2). Short‑term forecast: we can expect support from Senkou Span B, and attempts of the price to stay below Kumo.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). D Senkou Span B is resistance level; Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart, and the price on Kijun-Sen. Short-term forecast: we can expect decline of the price.
XAUUSD, Time Frame H1. Kijun-Sen is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-Sen – Senkou Span B, and decline of the price.
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