Analysis for March 19th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from Kijun-Sen – Senkou Span A, and decline of the price towards D Senkou Span B.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud; Tenkan-Sen, Kijun-Sen, and Senkou Span A are directed upwards. Ichimoku Cloud is almost closed, and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from H4 Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1); Tenkan-Sen, Kijun-Sen, and Senkou Span A are directed downwards. Ichimoku Cloud is going up, Chinkou Lagging Span crossed white candlestick and right now is below the chart, and the price is trying to stay inside Kumo. Short-term forecast: we can expect resistance from Senkou Span A, 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 Cloud. 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 Senkou Span A, and decline of the price.
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