Analysis for February 27th, 2012
GBP/USD
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A turned upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart, the price is above the indicator’s lines. In the near term, we can expect the price to fall down towards support of Tenkan-Sen.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan‑Sen is directed downwards, and Kijun-Sen is moving upwards. Ichimoku Cloud is going up (2), Senkou Span A is moving upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and moving towards it, the price is in the channel between Tenkan-Sen and Kijun‑Sen. In the near term, we can expect support of Kijun-Sen, resistance of Tenkan-Sen, and the price to fall down towards the cloud’s lower border.
GOLD
XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan‑Sen is directed downwards, and Kijun-Sen turned upwards. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is above the chart and away from it, the price is in the channel between Tenkan-Sen and Kijun‑Sen. In the near term, we can expect the price to move downwards inside the channel between Tenkan-Sen and Kijun‑Sen.
XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), both lines are directed downwards. Kumo Cloud is going down (2), Senkou Spans A and B are also directed downwards. Chinkou Lagging Span rebounded from the chart in a downwards direction, the price is trying to stay below Kumo Cloud. In the near term, we can expect resistance of Senkou Span B and the price to fall down.