Analysis for April 17th, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is going up (2), and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen and resistance from D Senkou Span B.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other and still influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is on the chart upwards; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect support from Senkou Span A, and growth of the price.
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