Analysis for July 18th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) inside Kumo. Ichimoku Cloud is gong down (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short‑term forecast: we can expect another attempt of the price to stay below Kumo.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other below Kumo (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support from M Senkou Span B.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); right now they’re getting closer to each other above Kumo. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect decline of the price and support from Senkou Span B.
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