Article By RoboForex.com
Analysis for September 23rd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1) above Kumo. Kumo Cloud is heading up, Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short term forecast: we can expect support from Senkou Span A and resistance from W Senkou Span A.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo; all lines are directed downwards. Kumo Cloud is going down, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect resistance from Senkou Span A and support from H4 Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Kumo Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price towards the cloud.
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.
