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GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud started moving downwards, and the price is inside the cloud. Short term forecast: we can expect support from Tenkan-Sen, and growth of the price towards W Senkou Span A.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo (1). Chinkou Lagging Span is above the chart, Kumo Cloud is going down, and the price is on Senkou Span A. Short term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and attempts of the price to stay above the cloud.
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” below Kumo (1); Tenkan-Sen is moving upwards. Chinkou Lagging Span is on the chart, Kumo Cloud is going down (2), and the price is on D Tenkan-Sen. Short-term forecast: we can expect resistance from D Tenkan-Sen – Senkou Span A, and attempts of the price to stay above the cloud.
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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.