Analysis for October 13th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is very narrow and heading down, and the price is near the cloud’s lower border. Short term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – D Tenkan-Sen, and attempts of the price to stay above Kumo.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is below the chart, Kumo Cloud is going down, and the price is above Tenkan-Sen – Kijun-Sen, below Kumo. Short term forecast: we can expect resistance from the cloud’s lower border.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is going up, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price towards W Tenkan-Sen.
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