Analysis for July 8th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are close to each other above Kumo; both lines are directed downwards (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is below Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect attempts of the price to stay inside Kumo.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other below Kumo (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) above Kumo. Ichimoku Cloud is closed (2), Chinkou Lagging Span is below the chart, and the price is near Kumo’s upper border. Short-term forecast: we can expect resistance from D Tenkan-Sen – Kijun-Sen – Senkou Span A, and decline of the price inside Kumo.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1). Ichimoku Cloud is closed (2), and Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Kijun-Sen – Senkou Spans A and B, and attempts of the price to stay below Kumo.
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