Analysis for January 8th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen and resistance from Kijun-Sen.
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span crossed the chart upwards, and the price is inside the cloud. Short-term forecast: we can expect support from Kijun-Sen and the cloud’s lower border.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross”, which was formed under Kumo Cloud (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is still moving upwards (2), and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from W Tenkan-Sen and the cloud’s lower border.
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