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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). Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo Cloud (1). Chinkou Lagging Span is close to the chart, Kumo Cloud is heading down (2), and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Spans A and B, and decline of the price.
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo Cloud (1), but are still very close to each other. Chinkou Lagging Span is below the chart, Kumo Cloud is moving downwards (2), and the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect resistance from D Senkou Span B, and decline 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.