Analysis for April 30th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is directed upwards. Ichimoku Cloud is closed, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Span A, and growth of the price towards M Senkou Span B.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from H4 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 influenced by “Golden Cross” (1); Senkou Span B is directed downwards. Ichimoku Cloud is closed (2), and Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A.
XAU 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 on the chart. Short‑term forecast: we can expect decline of the price and support from H4 Kijun-Sen.
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