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Ichimoku Cloud Analysis 08.07.2015 (GBP/USD, GOLD)

Analysis for July 8th, 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); all lines are directed downwards. 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 support from D Senkou Span A (the upper border of D Kumo).



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer, but still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down (2), and the price is below the lines. Short-term forecast: we can expect decline of the price, and resistance from Tenkan-Sen – Kijun-Sen.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is below the lines. Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price.



 
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