Analysis for March 23rd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting and forming “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is getting closer to the chart so far, and the price is on D Kijun-Sen. Short-term forecast: we can expect resistance from W Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is still moving downwards (2), and the price is below the lines. Short‑term forecast: we can expect resistance from D Tenkan-Sen and D Kijun-Sen, and then decline of the price towards D Senkou Span A.
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