Analysis for February 7th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2), and the price is above the lines. Short‑term forecast: we can expect support from Kijun-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price up to D Senkou Span B.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other near Kumo’s lower border, they may intersect and form “Golden Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Spans A and B.
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