Analysis for August 06th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun are influenced by the «Dead Cross» (1), Tenkan is going down, price is below daily Kumo, Ichimoku cloud is going down (2). Lagging line of Chinkou indicator is located below the chart, Tenkan-Kijun can provide resistance, after that we may see descending trend.
At H1 Tenkan and Kijun are moving apart via «Dead cross» (1), Chinkou is located below the chart, Ichimoku cloud had closed (2). We may expect decline.
XAU USD, “Gold vs US Dollar”
Tenkan and Kijun have been moving apart below Kumo by the «Dead сross» (1). Ichimoku cloud is going down (2). Chinkou is located below the chart. In short-term perspective we can expect resistance from D, W Tenkan and support from D Senkou A.
At H1 chart we see that Tenkan and Kijun have moved apart by the «Golden cross» (1), Ichimoku cloud is going up (2). Chinkou is below the chart. In short-term perspective we may expect attempts to hold above the cloud.
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