Analysis for December 31st, 2013
GBP/USD
GBPUSD, Time Frame D. Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen and ascending movement of the price.
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are directed downwards. Ichimoku Cloud is going up (2) and the price is on Tenkan-Sen. Short‑term forecast: we can expect decline of the price up to support from Kijun-Sen – D Tenkan-Sen.
GOLD
XAUUSD, Time Frame D. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect decline of the price.
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other, they may intersect and form “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2) and the price is below the lines. Short‑term forecast: we can expect resistance from Senkou Span A and decline of the price.
RoboForex Analytical Department