Analysis for December 18th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) inside Kumo Cloud. Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is below Kumo. Short-term forecast: we can expect resistance from D Tenkan-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards. Chinkou Lagging Span is below the chart, Kumo Cloud is heading down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is moving downwards (2), and the price is inside Kumo. Short‑term forecast: we can expect the price to move inside the cloud.
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