Analysis for December 22nd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are moving towards each other, but still influenced by “Dead Cross” (1). Chinkou Lagging Span is close to the chart, Kumo Cloud is going down (2), and the price is on D Tenkan-Sen. Short-term forecast: we can expect resistance from D Kijun-Sen, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other inside narrow Kumo Cloud. Chinkou Lagging Span is below the chart, Kumo Cloud is heading up (2), and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect resistance from H4 Senkou Span B, support from Senkou Span B, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is close to the chart, Kumo Cloud is moving downwards (2), and the price is near the cloud’s lower border. Short‑term forecast: we can expect support from D Senkou Span B – D Kijun-Sen, and growth of the price.
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