Analysis for August 11th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); D Tenkan‑Sen is heading down. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on W Kijun-Sen. Short‑term forecast: we can expect support from W Kijun-Sen, and attempts of the price to grow up towards Kumo and resistance from Tenkan-Sen.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect attempts of the price to stay above Kumo.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from W Kijun-Sen, support from Kijun-Sen, and growth of the price.
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