Analysis for January 30th, 2014
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Senkou Span A, and then attempts of the price to stay below Kumo.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2). Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud, they may intersect and form “Dead Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is close to the chart. Short-term forecast: we can expect resistance from Kijun-Sen and decline of the price.
XAUUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and the price is inside Kumo. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
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