Analysis for November 19th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is below the lines. Short term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to grow towards the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” below Kumo Cloud (1). Chinkou Lagging Span is below the chart, Kumo Cloud is closed (2), and the price is below Tenkan-Sen. Short term forecast: we can expect decline of the price and attempts to stay above the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo Cloud; Tenkan-Sen is directed upwards. Chinkou Lagging Span is above the chart, and Kumo Cloud is heading up (2) Short-term forecast: we can expect support from Tenkan‑Sen – D Kijun-Sen, and growth of the price.
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