Ichimoku Cloud Analysis 08.03.2013 (GBP/USD, GOLD)

Analysis for March 8^th, 2013

GBP/USD

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



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down and widening (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Senkou Span A and the price to stay inside the cloud.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are moving upwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Tenkan-Sen - Kijun-Sen and 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); all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Tenkan-Sen – Senkou Span A, and the price to move upwards.



 
RoboForex Analytical Department