Ichimoku Cloud Analysis 30.07.2015 (GBP/USD, GOLD)

30.07.2015

Analysis for July 30th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1).  Chinkou Lagging Span is on the chart, Ichimoku Cloud is going up (2), and the price is between Tenkan-Sen and Kijun-Sen, inside D Kumo. Short-term forecast: we can expect resistance from Tenkan-Sen – W Senkou Span A and support from Kijun-Sen – D Tenkan-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is near the cloud’s upper border. Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span B and resistance from Kijun-Sen – Senkou Span A.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but still close to each other. D Tenkan-Sen provided resistance. Chinkou Lagging Span couldn’t stay above the chart, Ichimoku Cloud is still moving downwards, and the price is below the lines. Short‑term forecast: we can expect decline of the price.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.