Analysis for August 26th, 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, but Chinkou Lagging Span is getting closer to the chart, and the price is moving inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect support from Tenkan-Sen, and an ascending correction towards D Tenkan-Sen and the cloud’s lower border.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen very close to each other above Kumo (1). Ichimoku Cloud is going up (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Senkou Span B and attempts of the price to grow towards H4 Senkou Span A.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); D Tenkan‑Sen is moving downwards, H4 Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is above Tenkan-Sen – Kijun-Sen channel, below Kumo. Short-term forecast: we can expect a correction towards D Senkou Span B to continue.
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