Ichimoku Cloud Analysis 29.07.2014 (GBP/USD, GOLD)
29.07.2014
Analysis for July 29th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame Н4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2). The price is below Tenkan-Sen. Chinkou Lagging Span is below the chart. Short-term forecast: price reduction and attempts of price to stay between Tenkan-Sen and Kijun-Sen.
GBPUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen have formed “Dead Cross” (1) in Kumo. Chinkou Lagging Span is near the chart. Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from Senkou Span B and attempts of price to stay above Cloud.
GBPUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen have formed “Dead Cross” (1) in Kumo. Chinkou Lagging Span is near the chart. Ichimoku Cloud is closed (2). Short-term forecast: we can expect resistance from Senkou Span B and attempts of price to stay above Cloud.
XAU USD, “Gold vs US Dollar”
XAUUSD, Time Frame H4, Tenkan-Sen and Kijun-Sen have formed “Golden Cross” (1) below Kumo. Ichimoku Cloud is narrowing (2). Chinkou Lagging Span is near the chart. Short-term forecast: we can expect resistance from Senkou Span B and support of Kijun-Sen.
XAUUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen are under the influence of “Golden Cross” (1). All lines are directed upwards. Ichimoku Cloud is going up (2). Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support of Senkou Span A and increase in prices.
RoboForex Analytical Department
XAUUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen are under the influence of “Golden Cross” (1). All lines are directed upwards. Ichimoku Cloud is going up (2). Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support of Senkou Span A and increase in prices.
RoboForex Analytical Department
Attention!
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.