Analysis for December 17th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud again and formed “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is under the chart. Short-term forecast: we can expect resistance from Kijun-Sen and the cloud’s lower border, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is closed (2). Short‑term forecast: we can expect support from D Kijun-Sen and the cloud’s lower border, and decline of the price.
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