Analysis for June 3rd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines except Senkou Span B are directed downwards. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen and resistance from D Tenkan-Sen – Senkou Span A.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo; all lines except Senkou Span B are directed upwards. Ichimoku Cloud is almost closed, and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Senkou Span A, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect growth of the price, and resistance from Kijun-Sen.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down, but Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from Senkou Span A, support from Tenkan-Sen, and attempts of the price to stay above Kumo.
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