Article By RoboForex.com
Analysis for March 10th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Span A – D Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud; all lines are directed downwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud. Ichimoku Cloud is going up (2), and Chinkou Lagging Span crossed white candlestick and right now is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and decline of the price.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect resistance from Kijun-Sen – Senkou Spans A and B, 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.
