Ichimoku Cloud Analysis 23.07.2014 (GBP/USD, GOLD)
23.07.2014
Analysis for July 23rd, 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), but Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen – D Kijun-Sen. Short‑term forecast: we can expect support from D Kijun-Sen, resistance from Kijun-Sen, and decline of the price towards support from D Senkou Span A.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo (1), but Tenkan-Sen is directed downwards. Ichimoku Cloud is going up (2), and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect decline of the price and then attempts to return to Kumo.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below Kumo. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen – Senkou Span A and support from M Senkou Span B.
XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1). Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect resistance from Senkou Spans A and B, and decline of the price.
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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.