Analysis for June 20th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun again are moved in opposite directions in the form of the «Golden Cross» (1), Tenkan and Senkou A are heading up. Ichimoku cloud is going up (2). Lagging line of Chinkou indicator is located above the chart. We can expect support from M Senkou B and further growth of price.
At H1 Tenkan and Kijun are influenced by the Golden cross», Kijun and Senkou A are heading up. Chinkou is above the chart, Ichimoku cloud is going up (2). In short-term perspective we can expect support from Tenkan-Kijun and further growth of the price.
XAUUSD, “Gold vs US Dollar”
Tenkan and Kijun have moved away from each other via «Golden cross (1), Ichimoku cloud is going up (2). Chinkou is above the chart, price is located above all lines.
At H1 chart we see that Tenkan and Kijun are influenced by the «Golden cross» (1), Tenkan and Senkou A are heading down, Ichimoku cloud is going up (2). Chinkou is above the chart. In short-term perspective we can expect support from Kijun-Senkou A and ascending impulse.
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