Ichimoku Cloud Analysis 24.07.2014 (GBP/USD, GOLD)
24.07.2014
Analysis for July 24th, 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); all lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other below Kumo (1). Ichimoku Cloud is going down (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 on the chart. Short-term forecast: we can expect resistance from Tenkan-Sen 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 below the chart. Short‑term forecast: we can expect attempts of the price to stay below Kumo.
RoboForex Analytical Department
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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.