Analysis for August 01st , 2014
GBP USD, “British Pound vs US dollar”
All lines are influenced by the «dead cross» on H4 chart (1), price accepted area below daily Kumo, all lines are heading down, Ichimoku cloud is going down (2), lagging line of indicator Chinkou is located below the chart. Descending impulse is expected.
At H1 chart, we see that Tenkan and Kijun have overlapped below Kumo (1), all lines are heading down, Chinkou is below the chart, Ichimoku cloud is going down (2). We can expect decline in short-term perspective.
Gold
At H4 chart of Gold, Tenkan and Kijun have been moving apart in the shape of the «dead cross» (1), Ichimoku cloud is declining (2), Chinkou is below the chart. In short-term perspective we can expect resistance from D Senkou B and descending impulse to W Senkou A.
At H1 chart we see that Tenkan and Kijun are influenced by the «dead cross» (1), Ichimoku cloud is going down (2), Chinkou is below the chart. In short-term perspective we can expect support from Tenkan and descending impulse.
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