Analysis for July 2nd, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is below the lines. Short-term forecast: we can expect the price to return to the cloud’s broken border and then continue falling.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is close to the chart, Ichimoku Cloud is heading down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and attempts of the price to stay inside the cloud.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
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