Ichimoku Cloud Analysis 21.08.2014 (GBP/USD, GOLD)
21.08.2014
Analysis for August 21st, 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 and still influenced by “Dead Cross”. Ichimoku Cloud is still going down, Chinkou Lagging Span is far below the chart, and the price is moving below the lines. Short‑term forecast: we can expect a correction towards Tenkan-Sen – Kijun-Sen, and decline of the price towards W Kumo’s lower border.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines except Tenkan-Sen are directed downwards. Ichimoku Cloud continues going down (2), Chinkou Lagging Span is below the chart, and the price is moving between Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect a correction towards Kumo’s lower border.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still 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 reached D Kumo’s lower border. Short-term forecast: we can expect support from W Senkou A, and a correction towards D Senkou Span B.
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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.