Analysis for August 05th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun are influenced by the «Dead Cross» (1), Tenkan had reversed to the upside, price is below daily Kumo, Ichimoku cloud is going down (2). Lagging line of Chinkou indicator is getting close to the chart. We can expect pattern «Getting back to border of Kumo after breakout» on a daily chart with further decline of the price.
At H1 Tenkan and Kijun are moving apart via «Golden cross» (1) after overlapping. Chinkou is located above the chart, Ichimoku cloud is going up (2). We can expect ascending impulse in short-term perspective.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun have crossed below Kumo by the «Dead сross» (1). Ichimoku cloud is going down (2). Chinkou is located below the chart. We can expect resistance from D, W Tenkan with attempts to hold above Kumo.
At H1 chart we see that Tenkan and Kijun have overlapped in Kumo (1), Ichimoku Cloud is going up (2), price is located above all lines, Chinkou is below the chart. We can expect ascending impulse in a short-term perspective.
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