Ichimoku Cloud Analysis 02.03.2012 (GBP/USD, GOLD)

Analysis for March 2^nd, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen turned downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and the attempts of the price to stay inside the channel between Tenkan-Sen and Kijun‑Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun‑Sen. In the near term, we can expect support of Kijun-Sen and resistance of Tenkan-Sen.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (2), Tenkan-Sen is almost vertical and directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Span A turned downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is below the chart and away from it, the price is trying to stay inside the channel between Tenkan-Sen and Kijun‑Sen. In the near term, we can expect the price to fall down and support of Tenkan-Sen.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is going down (2), Senkou Span A turned downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is on the chart, the price is stuck between Tenkan-Sen and Senkou Span A. In the near term, we can expect resistance of Senkou Span A and the price to move downwards.