Analysis for November 26th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); D Tenkan-Sen is still directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is going down (2), and the price is inside Kumo. Short term forecast: we can expect growth of the price and resistance from Senkou Span B.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” above Kumo Cloud (1); all lines except Senkou Span B are directed upwards. Chinkou Lagging Span is above the chart, Kumo Cloud is heading up (2), and the price is on Tenkan-Sen. Short term forecast: we can expect support from 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 “Golden Cross” (1). Chinkou Lagging Span is on the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
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