Article By RoboForex.com

Analysis for June 10^th, 2014

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo; Senkou Span B is directed downwards. Ichimoku Cloud is going up (2), but almost closed, Chinkou Lagging Span is above the chart, and the price is near Kumo’s upper border. Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price.

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other inside Kumo (1), all lines except Senkou Span B are directed downwards. Ichimoku Cloud is going down, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Senkou Span B, and another attempts of the price to stay below Kumo.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen formed “Golden Cross” below Kumo (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2), and Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price inside Kumo.

XAU USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other above Kumo (1); they may intersect and form “Golden Cross”. Ichimoku Cloud is going up, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from Senkou Span B, and growth of the price.

RoboForex Analytical Department

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.