Ichimoku Cloud Analysis 07.03.2013 (GBP/USD, GOLD)
07.03.2013
Analysis for March 7th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again below Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is still going down, Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect the price to move upwards to reach Tenkan-Sen.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down and widening (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and the price to grow up to reach the cloud’s upper border.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is horizontal, Kijun-Sen and Senkou Span A are moving downwards, Senkou Span B is directed upwards. Ichimoku Cloud is going down and widening (2), Chinkou Lagging Span is below the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen and the price to grow up towards Senkou Span A.
XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Tenkan-Sen and the price to move upwards.
RoboForex Analytical Department
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