Analysis for January 27th, 2014
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); both lines are very close to each other. Ichimoku Cloud is still going up (2); Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going down (2). Short‑term forecast: we can expect support from Tenkan-Sen and resistance from Kijun-Sen – Senkou Spans A and B.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). D Senkou Span B is resistance level; Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart, and the price on Tenkan-Sen. Short-term forecast: we can expect decline of the price.
XAUUSD, Time Frame H1. Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going up (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 resistance from Tenkan-Sen, and attempts of the price to stay inside Kumo.
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