Article By RoboForex.com
Analysis for January 20th, 2014
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud, they may intersect and form “Golden Cross” (1). Ichimoku Cloud is going down (2), and the price is trying to stay inside Kumo. Short‑term forecast: we can expect resistance from Senkou Span B and support from Senkou Span A.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and the price is above the lines. Short‑term forecast: we can expect resistance from H4 Senkou Span B.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected again above Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart, and the price is above the lines. Short-term forecast: we can expect support from Senkou Span A.
XAUUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is inside Tenkan-Sen – Kijun‑Sen channel. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
