Analysis for February 20th, 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 on to the chart, and the price is below Tenkan-Sen, above Kumo. Short‑term forecast: we can expect resistance from Tenkan-Sen and decline of the price towards D Kijun-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). 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 Kijun-Sen – Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud; Tenkan-Sen is directed downwards. Ichimoku Cloud is going up (2). Short-term forecast: we can expect decline of the price towards D Tenkan-Sen.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Ichimoku Cloud is going down; Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect resistance support from Senkou Span A, and decline of the price.
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