Analysis for October 2nd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is heading down, and the price is on Tenkan-Sen. Short term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo (2); all lines are horizontal. Chinkou Lagging Span is on the chart, Kumo Cloud is starting to go up, and the price is below the lines. Short term forecast: we can expect resistance from Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is above the chart, and Kumo Cloud is going down. Short-term forecast: we can expect resistance from Kijun-Sen – Senkou Span A, and decline of the price.
RoboForex Analytical Department