Analysis for December 17th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud and forming “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is going up (2), and the price is above Kumo. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (2). Chinkou Lagging Span is above the chart, Kumo Cloud is heading up, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen – Senkou Spans A and B, and growth of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is moving downwards (2), and the price is inside Kumo. Short‑term forecast: we can expect the price to move inside the cloud and then try to stay below it.
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