Analysis for July 23rd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen – D Kijun-Sen. Short‑term forecast: we can expect support from D Kijun-Sen, resistance from Kijun-Sen, and decline of the price towards support from D Senkou Span A.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo (1), but Tenkan-Sen is directed downwards. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect decline of the price and then attempts to return to Kumo.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below Kumo. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – Senkou Span A and support from M Senkou Span B.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from Senkou Spans A and B, and decline of the price.
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