Analysis for December 14th, 2016
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upside border and formed “Golden Cross” (1); the lines are still influenced by D “Golden Cross” (3). Ichimoku Cloud is heading up, the daily cloud is rising as well, and Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price.
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Dead Cross” (1), but Tenkan-Sen is directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect decline of the price inside the cloud towards support from Senkou Span B.
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced “Dead Cross” and D “Dead Cross”. Ichimoku Cloud is moving downwards, the daily cloud is falling as well. Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, support from Tenkan-Sen, and the price to be corrected up to the cloud’s downside border.
XAU USD, “Gold vs US Dollar”
RoboForex Analytical Department
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