Analysis for August 04th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun are influenced by the «Dead Cross» (1), price had accepted area below daily Kumo, Ichimoku Cloud is going down (2), lagging line of Chinkou indicator is located below the chart. We can expect that price will get back to Kumo after breakout on a daily chart and go down after that.
At H1 chart, Tenkan and Kijun have moved apart below Kumo via «Dead cross» (1), Chinkou gets closer to the chart, Ichimoko cloud is going down (2). In a short-term perspective we can expect resistance from Kijun – Senkou A and attempt to hold within a cloud.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun have moved apart below Kumo via “Dead сross” (1). Ichimoku cloud is going down (2). Chinkou is located below the chart. In short-term perspective, we can expect support from W Tenkan, resistance from Senkou A and attempt of price to hold above Kumo.
Tenkan and Kijun have crossed each other via «Golden cross» below Kumo (1), Ichimoku cloud is going up (2), Chinkou is above the chart. In short-term perspective we may expect support from Tenkan-Senkou B and further growth of the price.
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