Article By RoboForex.com
Analysis for January 28th, 2014
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); both lines are horizontal and very close to each other. Ichimoku Cloud is still going up (2); Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect decline of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2). Short‑term forecast: we can expect support from Senkou Span B, and attempts of the price to stay below Kumo.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). D Senkou Span B is resistance level; Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart, and the price on Kijun-Sen. Short-term forecast: we can expect decline of the price.
XAUUSD, Time Frame H1. Kijun-Sen is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-Sen – Senkou Span B, 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.
