Analysis for May 22nd, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are moving towards each other inside Kumo Cloud, but still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is very narrow and continues going up (2). Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting above Kumo Cloud and forming “Dead Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect support from the cloud’s lower border, and growth of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is still moving upwards (2), and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from W Senkou Span A – Kijun-Sen, and decline of the price.
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