Analysis for January 24th, 2014
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is going up (2). Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); both lines are close to each other above Kumo Cloud. Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Senkou Span A
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart, and the price above the lines. Short-term forecast: we can expect support from Senkou Span A – Tenkan-Sen – Kijun-Sen, and growth of the price towards D Senkou Span B.
XAUUSD, Time Frame H1. Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect support from Kijun-Sen, resistance from Tenkan-Sen, and attempts of the price to stay inside Kumo.
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