Ichimoku Cloud Analysis 07.03.2012 (GBP/USD, GOLD)

Analysis for March 7^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 went from the red zone into the blue one (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 line. In the near term, we can expect the price to return to the cloud’s broken border.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen turned downwards. Ichimoku Cloud is going down, Senkou Spans A and B are horizontal. Chinkou Lagging Span is below 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 the price to grow up inside the channel.

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, the price is below the indicator’s lines. In the near term, we can expect the price to continue moving downwards.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud is going down (2), Senkou Spans A and B are directed downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance Tenkan-Sen and the price to continue falling down.