Analysis for April 9th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen, Senkou Spans A and B are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price above the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (1); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support from Senkou Span A, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo Cloud (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is near Kumo’s upper border. Short-term forecast: we can expect resistance from Senkou Span B, support from Tenkan-Sen, and attempts of the price to stay above Kumo.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Senkou Span B, and growth of the price.
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