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Ichimoku Cloud Analysis 07.08.2015 (GBP/USD, GOLD)

Analysis for August 7th, 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 “Dead Cross” (1); W Senkou Span A provided resistance, D Kijun-Sen – support. Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is below the lines. Short-term forecast: we can expect growth of the price towards resistance from Kijun-Sen – Senkou Span B – D Tenkan-Sen – D Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed upwards. Chinkou Lagging Span is close the chart, Ichimoku Cloud is heading down (2), and the price is between Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other near Kumo’s lower border (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is still closed, and the price is on Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from D Tenkan-Sen, and attempts of the price to stay above the cloud.



 
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