Analysis for June 26th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun are moving apart above Kumo by the «Golden Cross» (1). Ichimoku cloud is going up (2). Lagging line of Chinkou indicator is located along the chart, price is on the Tenkan and above Kumo. I expect resistance from Kijun and attempts of price to hold within a cloud.
At H1 Tenkan and Kijun are moving apart below Kumo via «Golden Cross» (1). Chinkou is on the chart, Ichimoku cloud is going down (2). In short-term perspective Senkou B can provide resistance and price can go down.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun are influenced by the «Golden сross» (1), but Tenkan and Senkou A are moving down. Ichimoku cloud is going up (2). Chinkou is coming closer to the chart, price is above all lines. In short-term perspective, we can expect decline to upper side of the cloud.
At H1 chart we see that Tenkan and Kijun have been moving apart below Kumo via «Golden cross» (1), Tenkan and Senkou A are heading up. Ichimoku cloud is going up (2). Chinkou is on the chart. In short-term perspective we may expect support from Senkou B, resistance from Tenkan and further descending trend.
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