Analysis for January 31st, 2014
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Kijun-Sen are directed downwards. Ichimoku Cloud is closed (2); Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Span B, 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 downwards. Ichimoku Cloud is going down (2). Short‑term forecast: we can expect resistance from Kijun-Sen – H4 Senkou Span B, and decline of the price.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closed (2); Chinkou Lagging Span crossed white candlestick downwards. Short-term forecast: we can expect support from D Kijun-Sen and resistance from Senkou Span B – Tenkan-Sen.
XAUUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
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