Analysis for July 29th, 2013

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again above 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 on Tenkan-Sen. Short‑term forecast: we can expect resistance of D Senkou Span A and the price to fall down.

GBPUSD

GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again above 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 on the chart, and the price is above the lines. Short‑term forecast: we can expect the support of Tenkan-Sen and the price to move upwards.

GBPUSD


GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is close to the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Tenkan-Sen, the price to enter the cloud, and then try to stay inside it.

Gold

XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Senkou Span B is horizontal, other lines are directed downwards. Ichimoku Cloud is going up, Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen – Senkou Span B, and the price to move downwards.

Gold