Analysis for October 21st, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is going up (2), and the price is above the lines. Short term forecast: we can expect growth of the price towards D Kijun-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is going up (2), and the price is between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect support from Kijun-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is above the chart, Kumo Cloud is going up (2), and the price is inside D Kumo. Short-term forecast: we can expect support from D Senkou Span A, and growth of the price inside D Kumo towards its upper border.
RoboForex Analytical Department