Ichimoku Cloud Analysis 31.07.2014 (GBP/USD, GOLD)

31.07.2014

Analysis for July 31st, 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). Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support of D Senkou Span B.


 
GBPUSD, Time Frame Н1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below 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 in Cloud.



XAU USD, “Gold vs US Dollar”

XAUUSD, Time Frame H4, Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) below Kumo.  Ichimoku Cloud is going down (2). Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support of W Tenkan-Sen and resistance from Senkou Span A, D Senkou Span A, and M Senkou Span B.



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. Price is moving between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support of Tenkan-Sen.




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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.