Analysis for November 13th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4 – Indicator signals: 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.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other inside Kumo Cloud; they may intersect and form “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is closed (2), and the price is below the lines. Short term forecast: we can expect decline of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4: Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is heading down (2), and the price is close to the cloud’s lower border. Short-term forecast: we can expect resistance from Senkou Span A and support from D Tenkan-Sen.
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