Analysis for April 18th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo Cloud; Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is between Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” above Kumo Cloud (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Senkou Span B, resistance from Tenkan-Sen – Senkou Span A, and decline 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 going down (2), and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Senkou Span B, and decline of the price towards D Senkou Span B.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Spans A and B, and decline of the price.
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