Analysis for May 1st, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but still influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is going up and widening (2). Short-term forecast: we can expect support from W Kijun-Sen – M Senkou Span B, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span below the chart; Ichimoku Cloud is heading down (2). Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span B and resistance from Kijun-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from W Tenkan-Sen, and decline of the price.
RoboForex Analytical Department