Ichimoku Cloud Analysis 20.08.2014 (GBP/USD, GOLD)
20.08.2014
Analysis for August 20th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other below Kumo; all lines are directed downwards. Ichimoku Cloud is still going down, Chinkou Lagging Span is getting closer to the chart, and the price near resistance from Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect attempts of the price to reach D Tenkan-Sen and Kumo’s lower border.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen may intersect and form “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect the price to break Kumo towards H4 Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price has almost reached D Kumo’s lower border and right now is moving below the lines. Short-term forecast: we can expect decline of the price towards support from D Senkou Span B.
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.