Analysis for August 25th, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross”. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is trying to stay inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect a correction towards Kijun-Sen – Senkou Span A, and then decline of the price.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below Kumo; Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is very narrow (2) and still going down, Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect attempts of the price to stay above the cloud.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside Tenkan-Sen – Kijun-Sen channel. Short-term forecast: we can expect a correction towards W Senkou Span A, and then decline of the price.
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