Analysis for March 5th, 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). Ichimoku Cloud is going up (2) and almost closed, and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from D Tenkan-Sen – Tenkan-Sen – Kijun-Sen – Senkou Span B, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards, Kijun-Sen is moving downwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo Cloud. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is very close to the chart. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1) below Kumo; the lines are close to each other. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Span B, and attempts of the price to stay inside Kumo.
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