Analysis for November 20th, 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); all lines except Tenkan-Sen are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is on Tenkan-Sen. Short term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay inside the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other near Kumo’s upper border; the y may intersect and form “Dead Cross” (1). Chinkou Lagging Span is on the chart, Kumo Cloud is closed (2), and the price is on Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo Cloud. Chinkou Lagging Span is above the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from D Tenkan‑Sen.
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