Analysis for December 9th, 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), but the lines are getting closer to each other again below Kumo Cloud; Tenkan-Sen is directed upwards. Ichimoku Cloud is closed (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect growth of the price, and resistance from Senkou Span B and D Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is closed (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Senkou Span B, and growth 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). Chinkou Lagging Span is above the chart, Ichimoku Cloud is moving upwards (2), and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
RoboForex Analytical Department