Analysis for June 19th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun are influenced by the «Golden Cross» (1), all lines are heading up. Ichimoku cloud is going up (2). Lagging line of Chinkou indicator is located above the chart, price has accepted area below lines. Further rising impulse is possible with resistance on Senkou B.
At H1 Tenkan and Kijun have moved in opposite sides on the lower side of Kumo via «Golden cross», Chinkou is above the chart, Ichimoku cloud is going up (2). In shor-term perspective we may expect support from Kijun and further growth.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun have moved away from each other via «Golden cross, Ichimoku cloud is going up (2). Chinkou is above the chart, price is located above all lines.
At H1 chart we see that Tenkan and Kijun are influenced by the «Golden cross» (1), all lines are heading up, Ichimoku cloud is going up. Chinkou is above the chart. We can expect support from Kijun in a short-term perspective and further ascending price action.
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