Analysis for May 19th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other, but still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from D Kijun-Sen, and attempts of the price to stay inside Kumo.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Senkou Span A.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” above Kumo Cloud (1). Ichimoku Cloud is going down (2) and almost closed, and Chinkou Lagging Span is above to the chart. Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span A, and growth of the price.
XAUUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Senkou Span B, and growth of the price.
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