Analysis for May 5th, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is going up and closing (2). Short-term forecast: we can expect resistance from Senkou Span A, and attempts of the price to stay below inside the cloud.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen very close to each other below Kumo Cloud (1); both lines are directed downwards. Chinkou Lagging Span on the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-Sen – D Senkou Span A, and decline of the price.
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