Analysis for August 01st , 2014

GBP USD, “British Pound vs US dollar”

All lines are influenced by the «dead cross» on H4 chart (1), price accepted area below daily Kumo, all lines are heading down, Ichimoku cloud is going down (2), lagging line of indicator Chinkou is located below the chart. Descending impulse is expected.

GBPUSD

At H1 chart, we see that Tenkan and Kijun have overlapped below Kumo (1), all lines are heading down, Chinkou is below the chart, Ichimoku cloud is going down (2). We can expect decline in short-term perspective.

GBPUSD


Gold

At H4 chart of Gold, Tenkan and Kijun have been moving apart in the shape of the «dead cross» (1), Ichimoku cloud is declining (2), Chinkou is below the chart. In short-term perspective we can expect resistance from D Senkou B and descending impulse to W Senkou A.

Gold

At H1 chart we see that Tenkan and Kijun are influenced by the «dead cross» (1), Ichimoku cloud is going down (2), Chinkou is below the chart. In short-term perspective we can expect support from Tenkan and descending impulse.

Gold

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD steady below 1.0800 after US PCE meets expectations

EUR/USD steady below 1.0800 after US PCE meets expectations

EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips.  Fed Chair Jerome Powell set to speak ahead of the weekly close.

EUR/USD News

GBP/USD hovers around 1.2620 in dull trading

GBP/USD hovers around 1.2620 in dull trading

GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.

GBP/USD News

Gold price sits at all-time highs above $2,230

Gold price sits at all-time highs above $2,230

Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.

Gold News

Jito price could hit $6 as JTO coils up inside this bullish pattern

Jito price could hit $6 as JTO coils up inside this bullish pattern

Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.

Read more

Key events in developed markets next week

Key events in developed markets next week

Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.

Read more

Majors

Cryptocurrencies

Signatures