Analysis for September 23rd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1) above Kumo. Kumo Cloud is heading up, Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short term forecast: we can expect support from Senkou Span A and resistance from W Senkou Span A.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo; all lines are directed downwards. Kumo Cloud is going down, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect resistance from Senkou Span A and support from H4 Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Kumo Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price towards the cloud.
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