Analysis for December 11th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by strong “Golden Cross” (1); Senkou Span B is directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and price is inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other, they may intersect and form “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, Kijun-Sen is horizontal, Senkou Span B is moving upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart, and price is trying to stay inside Kumo. Short‑term forecast: we can expect price to fall down inside Kumo, and support from H4 Kijun-Sen – Senkou Span B.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect price to return to Kumo’s broken border.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, Kijun-Sen is horizontal, Senkou Span B is moving upwards. Ichimoku Cloud is going up, Chinkou Lagging Span is close to the chart, and price is inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect attempts to stay inside Kumo.
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