Article By RoboForex.com
Analysis for September 5th, 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). Kumo Cloud is going down, Chinkou Lagging Span is below the chart, and the price is inside W Kumo. Short term forecast: we can expect decline of the price, resistance from W Senkou Span A, and then movement of the price inside W Kumo.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Kumo Cloud is heading down, and Chinkou Lagging Span is below the chart. Short term forecast: we can expect decline of the price and attempts to stay inside the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Kumo 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 resistance from D Tenkan-Sen, and decline of the price.
RoboForex Analytical Department
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Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
