Analysis for June 4th, 2014

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other below Kumo (1); all lines are directed downwards. Ichimoku Cloud is going down, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect resistance from D Senkou Span A, and decline of the price.

GBPUSD

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo; all lines are directed downwards. Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price.

GBPUSD


XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside Tenkan-Sen – Kijun-Sen channel. Short-term forecast: we can expect growth of the price towards Kumo’s lower border.

Gold

XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1). Ichimoku Cloud is going down and almost closed, Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect attempts of the price to stay above Kumo.

Gold

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