Analysis for April 23rd, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud; Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect decline of the price towards Senkou Span A.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are forming “Dead Cross” 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 attempts of the price to stay below Kumo.
XAUUSD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is close to the chart. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
XAUUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1). Ichimoku Cloud is closed (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and attempts of the price to stay above Kumo Cloud.
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