Analysis for May 21st, 2014

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud; all lines are directed upwards. Ichimoku Cloud is closing (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect the price to return to Kumo’s broken border and then move upwards.

GBPUSD

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (1); all lines are directed upwards. Ichimoku Cloud is closed (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.

GBPUSD


XAU USD, “Gold vs US Dollar”

XAU 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 on to the chart. Short-term forecast: we can expect support from Tenkan-Sen, and attempts of the price to stay above Kumo.

Gold

XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from Senkou Span A and support from Senkou Span B – Kijun-Sen.

Gold

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