Article By RoboForex.com
Analysis for September 10th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Kumo Cloud is still 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 towards M Kijun-Sen, and then a correction.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo; they may intersect and form “Dead Cross” (1). Chinkou Lagging Span is below the chart. Short term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – Senkou Span A, and decline of the price.
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 on Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-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.
