Analysis for March 6th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are forming “Golden Cross” (1) near Kumo’s upper border. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Span A, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth 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; they may form “Dead Cross” (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is very close to the chart. Short-term forecast: we can expect support from Senkou Span A, resistance from Tenkan-Sen – Kijun-Sen, and attempts of the price to stay below Kumo.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below Kumo. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen – Senkou Span A, and attempts of the price to stay inside Kumo.
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EUR/USD keeps the bullish performance above 1.0700
The continuation of the sell-off in the Greenback in the wake of the FOMC gathering helped EUR/USD extend its bounce off Wednesday’s lows near 1.0650, advancing past the 1.0700 hurdle ahead of the crucial release of US NFP on Friday.
Gold stuck around $2,300 as market players lack directional conviction
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Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors
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