Analysis for February 15th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is near the cloud’s upper border. Short-term forecast: we can expect resistance from D Tenkan-Sen and W Tenkan-Sen, and decline of the price towards D Kijun-Sen.
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, and the price is on Senkou Span B. Short-term forecast: we can expect support from the cloud’s lower border, and then attempts of the price to stay below it.
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); ; all lines except Senkou Span B are directed upwards. Chinkou Lagging Span is far above the chart, Ichimoku Cloud is moving upwards and widening (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect support from M Kijun-Sen, and growth of the price.
RoboForex Analytical Department
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