Analysis for December 29th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, 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 on the chart, Kumo Cloud is going down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud; they may intersect and form “Dead Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is heading up (2), and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1). Chinkou Lagging Span is on the chart, Kumo Cloud is moving downwards (2), and the price is below Kumo. Short‑term forecast: we can expect attempts of the price to stay inside the cloud.
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