Analysis for August 4th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is going up (2), and the price rebounded from D Tenkan-Sen upwards. Short-term forecast: we can expect support from D Tenkan-Sen, and growth of the price towards resistance from D Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud; both lines are directed downwards (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect decline of the price, and then attempts to stay inside the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is still closed, and the price is near the cloud’s lower border. Short‑term forecast: we can expect support from D Tenkan-Sen, and growth of the price.
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