Analysis for February 1st, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo, on D Tenkan-Sen. Short-term forecast: we can expect support from D Tenkan-Sen, and growth of the price towards D Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is near the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect attempts of the price to stay above the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud (1), but all lines are directed upwards. Chinkou Lagging Span is still above the chart, Ichimoku Cloud continues moving upwards (2), and the price is above the lines. Short‑term forecast: we can expect support from W Kijun-Sen, and growth of the price.
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