Analysis for November 28th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross”; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is o the chart, Kumo Cloud is going up (2), and the price is inside Kumo. Short term forecast: we can expect support from Senkou Span A, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” above Kumo Cloud (1). Chinkou Lagging Span is below the chart, Kumo Cloud is heading down (2), and the price is below the lines. Short term forecast: we can expect resistance from Tenkan-Sen, 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. Chinkou Lagging Span is below the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect resistance from D Tenkan-Sen, and decline of the price.
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