Ichimoku Cloud Analysis 13.03.2012 (GBP/USD, GOLD)
13.03.2012
Analysis for March 13th, 2012
GBP/USD
GBPUSD, Time Frame Н4 – 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 is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s line. In the near term, we can expect resistance of Tenkan‑Sen and the price to continue falling down.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Golden Cross” (1), Tenkan‑Sen is directed upwards, and Kijun-Sen is 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 the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and Kijun-Sen, and the price to move downwards.
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 in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. In the near term, we can expect resistance of Tenkan-Sen and support of Kijun-Sen.
XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan‑Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud. In the near term, we can expect support of Senkou Span B and resistance of Senkou Span A.
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.