Ichimoku Cloud Analysis 06.03.2012 (GBP/USD, GOLD)

Analysis for March 6^th, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both line are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span moved below the chart, the price is above Kumo Cloud, below Tenkan-Sen and Kijun-Sen. In the near term, we can expect the attempts of the price to stay inside Kumo Cloud and support of Senkou Span B.



GBPUSD, 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. 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, the price is below the indicator’s line. In the near term, we can expect the price to move downwards.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and away from it, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to continue falling down.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), but are not moving away from each other, both lines are directed downwards. Ichimoku Cloud is going down (2), Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart and moving towards it, the price is below the indicator’s lines. In the near term, we can expect resistance Tenkan-Sen and the price to continue moving downwards.