Monthly Analysis for January 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame Weekly. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect decline of the price.
GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other and still influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are 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 Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1); Tenkan-Sen is directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect resistance from W Tenkan-Sen, and decline of the price.
RoboForex Analytical Department