Jan 16, 2016


 (GBP/USD, GOLD)Analysis for January 13th, 2016 GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is still below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and a further decline of the price. 446 GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is close to the chart. Short-term forecast: we can expect resistance from the cloud’s lower border, and attempts of the price to stay above it. 447

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is still moving upwards (2), and the price is on D Kijun-Sen. Short‑term forecast: we can expect support from W Tenkan-Sen, and growth of the price. 448

Forex Trading | News Daily Update |  Analysis Department.

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