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.
RoboForex Analytical Department