Analysis for January 20th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) inside Kumo Cloud. Chinkou Lagging Span is on the chart, Ichimoku Cloud is very narrow (2), but continues going down; and the price is inside Kumo. Short-term forecast: we can expect support from Senkou Span A, and movement of the price inside the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Golden Cross”. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is on Senkou Span A. Short-term forecast: we can expect resistance from Senkou Span B and support from Kijun-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. 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 growth of the price.
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