Analysis for October 19th, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from W Tenkan-Sen – W Kijun-Sen – D Senkou Span B, and support from D Kijun-Sen.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is near the cloud’s upper border. Short-term forecast: we can expect support from Senkou Spans A and B.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is moving upwards (2), and the price is on Kijun-Sen. Short‑term forecast: we can expect support from D Tenkan-Sen and the cloud’s upper border, and growth of the price up to W Senkou Span A.
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