Analysis for July 16th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame Н4. Tenkan-Sen and Kijun-Sen have merged near Kumo’s upper border (1). Ichimoku Cloud is closed (2). The price is on Tenkan-Sen and Kijun-Sen. Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support of Senkou Span A and the attempts of price to stay below the Cloud.
GBPUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen have formed the “Dead Cross” above Kumo (1). Tenkan-Sen is going down. Chinkou Lagging Span is on the chart. Ichimoku Cloud is going up (2). The price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support of Senkou Span A and B.
XAU USD, “Gold vs US Dollar”
XAUUSD, Time Frame H4, Tenkan-Sen and Kijun-Sen are under the influence of the “Dead Cross” (1). Ichimoku Cloud is going down (2). Short-term forecast: we can expect resistance from Tenkan-Sen and Kijun-Sen and price reduction.
XAUUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen are under the influence of the “Dead Cross” (1), Ichimoku Cloud is going down (2). Chinkou Lagging Span is getting closer to the chart. Short-term forecast: we can expect resistance from Senkou Span A and price reduction.
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