Article By RoboForex.com
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
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.
