Analysis for July 28th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame Н4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2). The price is on Tenkan-Sen. Chinkou Lagging Span is below the chart. Short-term forecast: price may try to stay between Tenkan-Sen and Kijun-Sen.
GBPUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen have merged below Kumo and may form “Golden Cross” (1). Chinkou Lagging Span is close to the chart. Ichimoku Cloud is going down (2). Short-term forecast: we can expect resistance from Senkou Span A and the attempts of price to stay inside Cloud.
XAU USD, “Gold vs US Dollar”
XAUUSD, Time Frame H4, Tenkan-Sen and Kijun-Sen are getting closer below Kumo, but they are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2). Chinkou Lagging Span is getting farther from Cloud and going down. Short-term forecast: we can expect resistance from Senkou Span B and support of M Senkou Span B.
XAUUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen are under the influence of “Golden Cross”. Short-term forecast: we can expect increase in prices.
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