Analysis for August 12th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); D Tenkan‑Sen is heading down. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from D Tenkan-Sen – W Kijun-Sen, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below 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 formed “Golden Cross” (1) below Kumo; Tenkan-Sen is directed upwards. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from D Senkou Span A – W Kijun-Sen and support from Kijun-Sen – Senkou Span A.
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