Analysis for February 19th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen and decline of the price towards D and W Tenkan-Sen – D Kijun-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is close to the chart, and the price is above the lines, below Kumo. Short‑term forecast: we can expect resistance from Senkou Spans A and B, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going up (2); the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from W Kijun-Sen.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other near the cloud’s lower border (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance support from Senkou Span A, and decline of the price.
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