Analysis for March 14th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is still above the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect decline of the price towards support from Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is getting closer to the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from the cloud’s upper border, and attempts of the price to stay inside it.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is rebounding from the chart downwards, Ichimoku Cloud is moving upwards (2), and the price is trying to stay inside the cloud. Short‑term forecast: we can expect resistance from Senkou Span A – D Tenkan-Sen, and the price to move inside Kumo towards support from its lower border.
RoboForex Analytical Department
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