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.
RoboForex Analytical Department