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Ichimoku Cloud Analysis 10.08.2015 (GBP/USD, GOLD)

Analysis for August 10th, 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). Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is between Tenkan-Sen and Kijun-Sen, below Kumo. Short-term forecast: we can expect growth of the price towards resistance from D Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is directed upwards, Senkou Span B (the upper border of Ichimoku Cloud, which is heading down (2)) is moving downwards. Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect growth of the price towards resistance from Senkou Span B.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting and forming “Golden Cross” (1). Chinkou Lagging Span is still on the chart, Ichimoku Cloud is moving downwards and closing again, and the price is above the cloud. Short‑term forecast: we can expect support from D Tenkan-Sen.



 
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