Analysis for May 22nd, 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 closed (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen – Senkou Span B, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (1) and still influenced by “Golden Cross”; all lines except Kijun-Sen are directed upwards. Ichimoku Cloud is up (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on to the chart. Short-term forecast: we can expect resistance from Kijun-Sen – Senkou Span A and support from Tenkan-Sen.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from Senkou Span B and support from Kijun-Sen.
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