Analysis for September 15th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Kumo Cloud is heading down, Chinkou Lagging Span is crossing the chart upwards, and the price is on Tenkan-Sen. Short term forecast: we can expect resistance from D Tenkan-Sen and support from Kijun-Sen – Senkou Span A.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” above Kumo (1). Kumo Cloud is closed, Chinkou Lagging Span is on the chart, and the price is above the lines. Short term forecast: we can expect support from Kijun-Sen – Senkou Span A, and then decline of the price towards H4 Kijun-Sen.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Kumo Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is trying to stay between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect growth of the price towards D Tenkan-Sen and the cloud’s lower border.
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