Analysis for May 23rd, 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); all lines except Kijun-Sen are directed downwards. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect resistance from D Kijun-Sen, and decline of the price inside Kumo.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (1) and may form “Dead Cross”; all lines except Tenkan-Sen are directed downwards. Ichimoku Cloud is down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are forming “Golden Cross” (1) below Kumo Cloud. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on to the chart, but the price is below the lines. Short-term forecast: we can expect resistance from Kijun-Sen – Tenkan-Sen – Senkou Span A, and decline of the price.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Spans A and B, and decline of the price.
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