Article By RoboForex.com
Analysis for August 3rd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud; Kijun-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is near the chart, Ichimoku Cloud is going up and widening (2), and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from D Tenkan-Sen, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading up (2), and the price is on Senkou Span A. Short-term forecast: we can expect resistance from Senkou Span B, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is closed, and the price is inside Kumo. Short‑term forecast: we can expect support from D Tenkan-Sen, and growth of the price inside the cloud.
RoboForex Analytical Department
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Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
