Ichimoku Cloud Analysis 12.03.2012 (GBP/USD, GOLD)

Analysis for March 12^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 downwards, and Kijun-Sen is horizontal. 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 line. In the near term, we can expect the price to continue falling down.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), Tenkan‑Sen is horizontal, and Kijun-Sen is directed downwards. Ichimoku Cloud is going down (2), Senkou Span A turned 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. In the near term, we can expect support of Tenkan-Sen.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on 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 the price to move upwards to the cloud’s lower border.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “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 is horizontal. Chinkou Lagging Span is on the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to continue falling down inside the channel.