Analysis for January 22nd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1), but the lines are getting closer to each other below Kumo Cloud. Ichimoku Cloud continues heading down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from D Tenkan-Sen and support from Tenkan-Sen, and then attempts of the price to stay inside the cloud.
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 up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards and widening (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect support from Senkou Span B – D Tenkan-Sen, and growth of the price inside D Kumo.
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