Ichimoku Cloud Analysis 22.08.2014 (GBP/USD, GOLD)
22.08.2014
Analysis for August 22nd, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross”; Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is still going down, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect a correction towards 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”. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is above Tenkan-Sen – Kijun-Sen, below Kumo. Short‑term forecast: we can expect attempts of the price to stay inside the cloud.
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 far below the chart, and the price broke W Kumo’s lower border. Short-term forecast: we can expect a correction towards the cloud’s lower border.
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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.