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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 “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is going down (2), and the price is near Kumo’s lower border. Short-term forecast: we can expect resistance form Senkou Span B, and attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) above Kumo Cloud; Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is close to the chart, Kumo Cloud is heading up (2), and the price is above the lines. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price.
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is moving upwards (2), and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
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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.