Analysis for December 1st, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but they are very close to each other below Kumo Cloud. Ichimoku Cloud is heading down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen and resistance from D Tenkan-Sen and the cloud’s lower border.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, support from Kijun-Sen, 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 “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is on D Tenkan-Sen. Short‑term forecast: we can expect support from Tenkan-Sen, and the price to continue the ascending correction.
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