Article By RoboForex.com
Analysis for August 5th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is going up (2), and the price rebounded from D Kumo Cloud’s lower border upwards. Short-term forecast: we can expect support from Senkou Span B, and attempts of the price to stay inside W Kumo.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is on Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen, and attempts of the price to stay above the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near the cloud’s lower border and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is still closed, and the price is below the lines. Short‑term forecast: we can expect resistance from D Tenkan-Sen, and attempts of the price to stay above 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.
