Analysis for February 22nd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: the influence of "Dead Cross" (1) remains, all lines are directed downwards, the Cloud is heading down (2), the lagging Chinkou remains below the chart, the price is below the lines. You can expect a decline in price.
GBPUSD, Time Frame H1. Tenkan - Kijun parted on the upper border of Kumo in a "dead cross" (1), all lines are directed downwards, the Cloud is heading down (2), the lagging Chinkou line is below the chart, the price is at Tenkan. In the short-term we can expect resistance at Tenkan and a price decline.
XAU USD, “Gold vs US Dollar”
XAUUSD Time Frame H4. Indicator signals: Tenkan - Kijun crossed above the Kumo "Golden Cross" (1), but do not diverge, Tenkan is pointing down, the cloud continues to increase (2), the Chinkou lagging is below the graph. Price is trying to gain a foothold in the Cloud, we can expect resistance of Tenkan D - Sinkou A - Tenkan and price decline.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.