Ichimoku Cloud Analysis 09.03.2012 (GBP/USD, GOLD)

Analysis for March 9^th, 2012

GBP/USD

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



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “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 on the chart and may cross a white candlestick, the price is above Kumo Cloud. In the near term, we can expect the attempts of the price to enter the cloud in its narrowest area and support of Senkou Span B.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen turned downwards. Ichimoku Cloud is going down (2), Senkou Span A turned upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is above Tenkan-Sen and Kijun-Sen, below Kumo Cloud. In the near term, we can expect support of Tenkan-Sen and Kijun-Sen, and the price to continue moving upwards.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan‑Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B turned upwards. Chinkou Lagging Span is on the chart and may cross a white candlestick or rebound from the chart in an upward direction, the price is above Kumo Cloud. In the near term, we can expect support of Kijun-Sen the price to continue growing up.