Analysis for September 2nd, 2014
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are getting closer below Kumo; Tenkan-Sen is directed downwards. Ichimoku Cloud is narrow and going down, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Span A – Kijun-Sen, and decline of the price towards W Kumo’s upper border.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross”; Tenkan-Sen is heading downwards – all these factors indicate that bullish scenario is cancelled. Other lines are also directed downwards. Ichimoku Cloud is moving down (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect decline of the price.
XAUUSD, "Gold vs US Dollar"
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) inside Kumo; all lines are directed downwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Senkou Span A – D Tenkan-Sen, and decline of the price.
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