Analysis for September 12th, 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. Kumo Cloud is heading down, Chinkou Lagging Span is close to the chart, and the price is on Tenkan-Sen. Short term forecast: we can expect support from Kijun-Sen, and growth of the price towards D Tenkan-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” above Kumo (1). Chinkou Lagging Span is on the chart. Short term forecast: we can expect support from H4 Kijun-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Kumo Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, decline of the price, and attempts to grow towards the cloud.
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