Ichimoku Cloud Analysis 08.03.2012 (GBP/USD, GOLD)

Analysis for March 8^th, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are directed upwards. Chinkou Lagging Span is below the chart, the price is trying to stay inside Kumo Cloud. In the near term, we can expect resistance of Kijun-Sen and Senkou Span B.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Spans A and B are also directed upwards. Chinkou Lagging Span is above the chart and away from it, the price is above the indicator’s lines. In the near term, we can expect the price to grow up and return to the cloud’s broken upper border.

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 Kumo Cloud. In the near term, we can expect the price to continue moving upwards.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart and away from it, the price is above the indicator’s lines. In the near term, we can expect the price to continue growing up.