Analysis for April 21st, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud is going up (2), and the price is inside the channel between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect the price to continue moving inside the channel towards support from Kijun-Sen – D Kijun-Sen – D Tenkan-Sen.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span below the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving downwards (2), but almost closed. Short‑term forecast: we can expect growth of the price.
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