Ichimoku Cloud Analysis 23.01.2013 (GBP/USD, GOLD)
23.01.2013
Analysis for January 23rd, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); Senkou Span A is directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is in the channel between Tenkan‑Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect the price to grow up towards resistance of Kijun-Sen.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other near the cloud’s lower border, they may intersect and form “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen is horizontal, and Senkou Span B is moving downwards. Ichimoku Cloud is very narrow, but still going down (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect support Kijun-Sen and Senkou Span A, and the price to grow up inside the cloud.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”; all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Tenkan-Sen and the price to move upwards.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is directed downwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is below the chart, and the price is near the cloud’s lower border. Short‑term forecast: we can expect support of Kijun-Sen and Senkou Spam A, and the price to grow up.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.