Analysis for July 25th, 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). 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 decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” below Kumo (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is getting closer to 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) near Kumo’s lower border. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support from M Senkou Span B and W Tenkan-Sen.
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 below the chart. Short‑term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay inside Kumo.
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