Analysis for March 21st, 2016
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). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above to the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, support from D Senkou Span A, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is very narrow and going up (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen, inside Kumo. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price towards Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is moving downwards (2), and the price is between D Tenkan-Sen and D Kijun-Sen. Short‑term forecast: we can expect support from D Kijun-Sen, and the growth of the price.
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