Ichimoku Cloud Analysis 31.07.2015 (GBP/USD, GOLD)
31.07.2015
Analysis for July 31st, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1), but they are quite close to each other above Kumo Cloud. Chinkou Lagging Span is above the chart, Ichimoku Cloud is going up (2), and the price is on Kijun-Sen, inside D Kumo. Short-term forecast: we can expect support D Tenkan-Sen and resistance from D Senkou Span A – W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen and resistance from Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span B are directed downwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is still moving downwards, and the price is below the lines after rebounding from Kijun-Sen. Short‑term forecast: we can expect resistance from D Tenkan-Sen, and decline of the price.
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.