Analysis for July 14th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo; they may intersect and form “Dead Cross” (1). Ichimoku Cloud is going up, Chinkou Lagging Span is close to the chart, and the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect resistance from Senkou Span A, and movement of the price inside Kumo.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support Tenkan-Sen, and growth of the price towards resistance from Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is closed (2), and Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and decline of the price towards D Kijun-Sen.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1) below Kumo. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and decline of the price.
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