Analysis for April 14th, 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). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect decline of the price towards support from Kijun-Sen – Senkou Span A.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” below Kumo Cloud (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect 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). 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 Kijun-Sen, and growth of the price.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen may intersect and form “Dead Cross”; Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is very narrow, but still going up, and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect decline of the price towards support from Senkou Span B.
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