Ichimoku Cloud Analysis 21.07.2014 (GBP/USD, GOLD)

21.07.2014

Analysis for July 21st, 2014

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Senkou Span A and B, and decline of the price.



GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo (1). Ichimoku Cloud is closed (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to stay above Kumo.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from W Kijun-Sen, and attempts of the price to stay above Kumo.



XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Kijun-Sen – Senkou Span B.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.