Analysis for March 12th, 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 down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.

GBPUSD

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – Senkou Span A, and decline of the price.

GBPUSD


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, and Chinkou Lagging Span is above the chart again. Short-term forecast: we can expect decline of the price towards Kumo Cloud.

Gold

XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo Cloud. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support form Kijun-Sen, and decline of the price.

Gold

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