Analysis for December 16th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1), but are still very close to each other. Chinkou Lagging Span is on the chart, Kumo Cloud is going up (2), and the price in on D Tenkan-Sen. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is below the chart, Kumo Cloud is heading down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect growth of the price towards Kijun-Sen and H4 Senkou Span B.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is closed (2), and the price is inside Kumo. Short‑term forecast: we can expect support from D Senkou Span B – D Kijun-Sen – Senkou Span B, and growth of the price.
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