Analysis for July 29th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame Н4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2). The price is below Tenkan-Sen. Chinkou Lagging Span is below the chart. Short-term forecast: price reduction and attempts of price to stay between Tenkan-Sen and Kijun-Sen.
GBPUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen have formed “Dead Cross” (1) in Kumo. Chinkou Lagging Span is near the chart. Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from Senkou Span B and attempts of price to stay above Cloud.
XAU USD, “Gold vs US Dollar”
XAUUSD, Time Frame H4, Tenkan-Sen and Kijun-Sen have formed “Golden Cross” (1) below Kumo. Ichimoku Cloud is narrowing (2). Chinkou Lagging Span is near the chart. Short-term forecast: we can expect resistance from Senkou Span B and support of Kijun-Sen.
XAUUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen are under the influence of “Golden Cross” (1). All lines are directed upwards. Ichimoku Cloud is going up (2). Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support of Senkou Span A and increase in prices.
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