Article By RoboForex.com
Analysis for January 5th, 2017
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame D. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is still going down (2), Chinkou Lagging Span is below the chart, and the price remains on Tenkan-Sen inside Kumo. Short-term forecast: we can expect support from Senkou Span B, resistance from W Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen got very close to each other again inside Kumo Cloud, they may intersect and form “Golden Cross”; Tenkan-Sen is directed upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is on D Tenkan-Sen. Short-term forecast: we can expect support from Senkou Span A and resistance from D Tenkan-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame D. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Golden Cross”; Tenkan-Sen is directed upwards. Ichimoku Cloud is moving downwards, Chinkou Lagging Span is on the chart, and the price is below Kumo. Short‑term forecast: we can expect growth of the price towards resistance from Senkou Span A.
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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.
