Analysis for April 16th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud; Tenkan-Sen is directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud; all lines are directed upwards. Ichimoku Cloud is going up (2). Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud. Ichimoku Cloud is closed (2), and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and decline of the price.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect growth of the price and resistance from Senkou Span B.
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