Analysis for January 21st, 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 below the chart, Ichimoku Cloud is very narrow (2), but continues going down; and the price is below the lines. Short-term forecast: we can expect attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading up (2), and the price is on Senkou Span A. Short-term forecast: we can expect resistance from Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A 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 and resistance from W Senkou Span A.
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