Analysis for December 19th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) inside Kumo Cloud; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is on D Tenkan-Sen. Short-term forecast: we can expect decline of the price and support from Tenkan-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is closed (2), and the price is on Tenkan-Sen – Senkou Span B. Short-term forecast: we can expect the price to grow and then return below the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. 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 resistance from Senkou Span B, and decline of the price.
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