Analysis for August 20th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo; all lines are directed downwards. Ichimoku Cloud is still going down, Chinkou Lagging Span is getting closer to the chart, and the price near resistance from Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect attempts of the price to reach D Tenkan-Sen and Kumo’s lower border.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen may intersect and form “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect the price to break Kumo towards H4 Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price has almost reached D Kumo’s lower border and right now is moving below the lines. Short-term forecast: we can expect decline of the price towards support from D Senkou Span B.
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