Analysis for November 21st, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud. Chinkou Lagging Span is on the chart, Kumo Cloud is going down (2), and the price is inside a narrow channel between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect support from Kijun-Sen, and growth of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud; they may intersect and form “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is on the chart, Kumo Cloud is moving upwards (2), and the price is on Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect decline of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from Tenkan‑Sen – D Kijun-Sen.
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