Analysis for July 30th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame Н4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). All the lines are directed downwards. 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 support of D Senkou Span A.
GBPUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) in Kumo. Chinkou Lagging Span is below the chart. Ichimoku Cloud is going down (2). Short-term forecast: we can expect price reduction and attempts of price to stay above Cloud.
XAU USD, “Gold vs US Dollar”
XAUUSD, Time Frame H4, Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo. Ichimoku Cloud is going down (2). Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support of M Senkou Span B and D Senkou Span A.
XAUUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen are under the influence of “Dead Cross” (1). Ichimoku Cloud is going down (2). Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen and increase in prices.
RoboForex Analytical Department