Analysis for June 24th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and are moving apart by the «Golden Cross» (1) above Kumo. Ichimoku cloud is going up (2). Lagging line of Chinkou indicator is located above the chart, price is near Tenkan. Kijun can provide support with further ascending impulse.
At H1 chart, Tenkan and Kijun are moving apart by the «Golden cross» on the lower side of Kumo (1), but Tenkan and Senkou A are heading down. Chinkou is on the chart, Ichimoku cloud is going down (2) In short-term perspective we can see descending trend.
XAUUSD, “Gold vs US Dollar”
Tenkan and Kijun are influenced by the «Golden cross» (1). Ichimoku cloud is going up (2). Chinkou is located above the chart, price is located above all lines. In short-term perspective we can expect support from Tenkan and further ascending impulse.
At H1 chart we see that Tenkan and Kijun are moving apart on the upper side of Kumo by the «Golden cross» (1), Tenkan and Senkout A are going up. Ichimoku cloud is going up after narrow phase (2). Chinkou is reversing to the upside from the chart. In short-term perspective we may expect support from Tenkan-Senkou A and further ascending impulse.
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