Analysis for November 25th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1); D Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is going down (2), and the price is on D Tenkan-Sen. Short term forecast: we can expect resistance from the cloud’s lower border, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is closed (2), and the price is on Tenkan-Sen – Kijun-Sen, inside the cloud. Short term forecast: we can expect support from Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is on the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
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