Analysis for December 17th, 2013
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is moving upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and price is still inside Kumo Cloud. Short‑term forecast: price is expected to grow up towards resistance from Kijun-Sen – D Tenkan-Sen.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross”(1). Ichimoku Cloud is going up (2); price is supported by H4 Senkou Span A. Short‑term forecast: price is expected to grow up towards H4 Kijun-Sen.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2). Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Span B and ascending movement of the price.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and price is above the lines.
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