Article By RoboForex.com
Analysis for August 07th, 2014GBP USD, “Great Britain Pound vs US Dollar”
On H4 chart Tenkan and Kijun are influenced by the «Dead Cross» (1), price is below daily Kumo, Ichimoku cloud is going down (2). Lagging line of Chinkou indicator is located below the chart, Tenkan can provide support, DTenkan-Senkou A can provide resistance.
At H1 Tenkan and Kijun are moving apart via «Dead cross» (1), Tenkan is heading up, Kijun is heading down, Chinkou is located below the chart, Ichimoku cloud is going down (2). We may expect attempts of price to hold above the cloud.
XAU USD, “Gold vs US Dollar”
At H1 chart we see that Tenkan and Kijun have been moving apart via «Golden сross» (1). Ichimoku cloud is closed (2). Chinkou is located above the chart. In short-term perspective we can expect resistance from D Senkou A and support from W Tenkan and Senkou B.
RoboForex Analytical Department
Article By RoboForex.com
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