Analysis for May 4th, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is going up (2). Short-term forecast: we can expect attempts of the price to stay inside the cloud, and support from Senkou Span B.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); all lines expect Tenkan-Sen are directed downwards. Chinkou Lagging Span below the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect support from W Tenkan-Sen, resistance from D Senkou Span A, and decline of the price.
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Gold price finishes Thursday’s session set to reach new all-time highs
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Bitcoin price extends retreat from $69K as old whales shift their holdings to new whales
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Bears have been standing before a steamroller so far this year
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