Analysis for June 23th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun have moved apart above Kumo in the form of the «Golden cross» (1). Lagging Chinkou line is above the chart, Ichimoku cloud is going up (2), price is located on Tenkan line. We can expect support from M Senkou B and ascending trend.
At H1 chart we may see that Tenkan and Kijun have come close in Kumo (1), Chinkou is below the chart, Ichimoku cloud is closed (2). In short-term perspective we can expect migration of price inside of the cloud, then support from Senkou B.
XAUUSD, “Gold vs US Dollar”
Tenkan and Kijun have moved apart via «Golden cross (1), Ichimoku cloud is going up (2). Chinkou is above the chart, price is located near Tenkan. In short-term perspective support can be provided from D Senkou A with further growth of the price.
Tenkan and Kijun have come close above Kumo (1), Senkou B is heading to the upside, Ichimoku cloud is going up (2). Chinkou is on the chart. In short-term perspective we can expect support from Senkou A and growth of the price.
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