Analysis for January 22nd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is very narrow and almost closed (2), but continues going down; and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Span A, and attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is closed (2), and the price is on Senkou Span A. Short-term forecast: we can expect resistance from H4 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). Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is inside Tenkan-Sen and Kijun-Sen channel. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price inside the channel.
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