Analysis for November 24th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1); Tenkan-Sen is moving upwards. Chinkou Lagging Span is on the chart, Kumo Cloud is going down (2), and the price is on Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect attempts of the price to stay inside the cloud.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other, but still influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards. Chinkou Lagging Span is below the chart, Kumo Cloud is moving downwards (2), and the price is near the cloud’s lower border. Short term forecast: we can expect resistance from Senkou Span A, attempts of the price to stay above the cloud.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from D Kijun-Sen, and growth of the price.
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