Analysis for June 17th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart we’ve seen that Tenkan and Kijun are influenced by the «Golden Cross» (1), but Tenkan and Senkou A are heading down. Ichimoku cloud is going up (2), lagging line of Chinkou indicator is located above the chart Tenkan can provide resistance with further bearish scenario.
At H1 we see that Tenkan and Kijun overlap in Kumo (1). Chinkou is below the chart, Ichimoku cloud is going down. In short-term perspective we can see resistance from Senkou A and decline within Ichimoku cloud.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun are influenced by the «Golden сross» (1). Ichimoku cloud is going up (2). Chinkou is located above the chart, price is near upper border of Kumo. In short-term perspective we can expect support from Senkou B.
At H1 chart we see that Tenkan and Kijun are influenced by the «Dead cross» (1), Ichimoku cloud is going down (2). Chinkou is below the chart. In short-term perspective we can expect resistance from Tenkan and decline of price.
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