Analysis for March 21st, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “”Golden Cross” (1); all 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 the price to move upwards.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “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 of Tenkan-Sen and the price to move upwards.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect the price to enter the channel between Tenkan-Sen and Kijun-Sen and then try to stay inside it.
XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected near the cloud’s lower border and formed “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Span A.
RoboForex Analytical Department