Analysis for June 18th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun are influenced by the «Golden Cross» (1), all lines are heading up. Ichimoku cloud is going up (2). Lagging line of Chinkou indicator is located above the chart, but price is stuck in the channel between Tenkan and Kijun. Tenkan can provide resistance, after that we may see descending trend.
At H1 Tenkan and Kijun are combined in Kumo (1). Chinkou is on the chart, Ichimoku cloud has closed (2) In short-term perspective we can see resistance from Senkou A and further decline.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun are influenced by the «Dead сross» (1). Ichimoku cloud is going up (2). Chinkou is located above the chart, price is in the channel Tenkan-Kijun. In short-term perspective we can expect further decline of price with support at Senkou A.
At H1 chart we see that Tenkan and Kijun are influenced by the «Golden cross» (1), but Tenkan is heading down. Ichimoku cloud is going up. Chinkou is above the chart. In short-term perspective we may expect resistance from Tenkan-Senkou A and further decline of price.
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