Analysis for October 12th, 2015
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” (1). Kumo Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is above the cloud. Short-term forecast: we can expect resistance from D Kijun-Sen – W Kijun-Sen and support from Senkou Span B.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upper border and formed “Golden Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span A, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving upwards and widening (2). Short‑term forecast: we can expect support from H1 Tenkan-Sen, and growth of the price.
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