Analysis for March 16th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is still below the lines. Short-term forecast: we can expect decline of the price and then a correction towards the cloud’s lower border.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other and still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down, and the price is below the lines. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is moving downwards (2), and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen.
RoboForex Analytical Department
Attention!
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.
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