Analysis for December 11th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is heading up (2); Chinkou Lagging Span is rebounding from the chart to the upside. Short-term forecast: we can expect support from D Kijun-Sen, and growth of the price towards D Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Kijun-Sen – Senkou Span A, support 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 intersected and formed “Dead Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is moving upwards (2), and the price is on D Tenkan-Sen. Short‑term forecast: we can expect decline of the price.
RoboForex Analytical Department
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