Analysis for June 10th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo; Senkou Span B is directed downwards. Ichimoku Cloud is going up (2), but almost closed, Chinkou Lagging Span is above the chart, and the price is near Kumo’s upper border. Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other inside Kumo (1), all lines except Senkou Span B are directed downwards. Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Senkou Span B, and another attempts of the price to stay below Kumo.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price inside Kumo.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo (1); they may intersect and form “Golden Cross”. Ichimoku Cloud is going up, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Senkou Span B, and growth of the price.
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