Analysis for June 27th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun have moved apart by the «Golden Cross» (1) above Kumo. Ichimoku cloud is going up (2) but has become more narrow. Lagging line of Chinkou indicator is located above the chart, price is above all lines. I expect to see support from Tenkan-Kijun-Senkou A and further growth of the price.
At H1, Tenkan and Kijun are influenced by the «Golden cross» (1). All lines except Tenkan are heading up. Chinkou is on the chart, Ichimoku cloud is going up (2). In short-term perspective we can see support from Senkou A and further growth of the price.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun have moved apart in the form of the «Dead сross» (1). Ichimoku cloud is going up (2). Chinkou has come close to the chart, price is near Kijun. In short-term perspective we can expect decline to lower side of the cloud.
At H1 chart we see that Tenkan and Kijun have moved apart in the form of the «Golden cross» (1). Ichimoku cloud is going up. Chinkou is almost on the chart. In short-term perspective we may expect resistance from Tenkan and descending movement.
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