Analysis for June 5th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are forming “Dead Cross” below Kumo (1). Ichimoku Cloud is going down, and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from D Senkou Span A – D Tenkan-Sen, and decline of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo (1); all lines except Senkou Span B are directed upwards. Ichimoku Cloud is going up, and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is below the lines. Short-term forecast: we can expect decline of the price, and then growth towards Kumo’s lower border.
XAUUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Ichimoku Cloud is going down and almost closed, Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Spans A and B, and then attempts of the price to stay above Kumo.
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