Analysis for October 15th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is heading down, and the price is below the lines. Short term forecast: we can expect support from M Senkou Span A.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is below the lines. Short term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is going up (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price towards W Tenkan-Sen.
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