Analysis for May 21st, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is going up (2). Short-term forecast: we can expect resistance from M Senkou Span A, and another attempts of the price to stay inside the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is still moving upwards (2). Short‑term forecast: we can expect support from Tenkan-Sen – Senkou Span A, resistance from W Senkou Span A, and decline of the price.
RoboForex Analytical Department