Analysis for September 18th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other inside Kumo and still influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Kumo Cloud is heading up, Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen, inside Kumo. Short term forecast: we can expect resistance from Senkou Span B and support from D Tenkan-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but moving towards each other again; all lines are directed upwards. Kumo Cloud is going up, Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short term forecast: we can expect support from Senkou Span A, and growth of the price towards H4 Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other and still influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are moving downwards. Kumo Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Kijun-Sen, decline of the price, and then attempts to stay inside the cloud.
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