Analysis for December 3rd, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and price is on Tenkan-Sen. Short‑term forecast: we can expect the price to grow up, enter Tenkan-Sen – Kijun-Sen channel, and then stay inside it.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is closed; Chinkou Lagging Span is close to the chart, and price is inside Kumo Cloud, on Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen – Senkou Span B and growth of the price.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Kijun-Sen is horizontal, other lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-Sen and decline of the price.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-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 price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen and decline of the price.
RoboForex Analytical Department
