Analysis for April 10th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is far above the chart. 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 and starting to squeeze (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen, growth of the price and then attempts to stay inside Kumo.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo Cloud (1); all lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above Kumo. Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span B, and growth of the price towards D Kijun-Sen.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” above Kumo Cloud (1). Ichimoku Cloud is very narrow and going up (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen, growth of the price, and then correction towards Kumo.
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