Ichimoku Cloud Analysis 21.03.2012 (GBP/USD, GOLD)

Analysis for March 21^st, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also moving upwards. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to continue moving upwards and try to stay inside the channel between Tenkan-Sen and Kijun-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s line. In the near term, we can expect the price to grow up.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden 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 on the chart and may cross a black candlestick in an upwards direction, 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 grow up to the cloud’s lower border.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden   Cross” (1), both lines are horizontal. Ichimoku Cloud is squeezing and going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is inside Kumo Cloud. In the near term, we can expect support of Senkou Span B and the price to move upwards.