Ichimoku Cloud Analysis 06.03.2013 (GBP/USD, GOLD)

Analysis for March 6^th, 2013

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is directed downwards, other lines are horizontal. Ichimoku Cloud is closed, Chinkou Lagging Span is on the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect support of Kijun-Sen, then attempts of the price to enter the cloud and stay inside it.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span A. Short‑term forecast: we can expect support of Senkou Span A and the price to grow up.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed upwards, Kijun-Sen is moving downwards, other lines are horizontal. Ichimoku Cloud is very narrow, but still going down, Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect the price to grow up towards Senkou Span A.



XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Kijun-Sen and Senkou Span B are horizontal, Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up, Chinkou Lagging Span is below the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen – Senkou Span A and the attempts of the price to stay above the cloud.



 
RoboForex Analytical Department