Analysis for February 9th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect support from D Tenkan-Sen – Senkou Span A, and growth of the price above the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is getting closer to the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is above the chart, Ichimoku Cloud continues moving upwards and widening (2), and the price is near W Kumo’s upper border, above the lines. Short‑term forecast: we can expect support from Kijun-Sen, and growth of the price.
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