Ichimoku Cloud Analysis 22.03.2012 (GBP/USD, GOLD)

Analysis for March 22^nd, 2012

GBP/USD

GBPUSD, Time Frame Н4 – 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 above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance of Tenkan-Sen and the price to move downwards inside the channel.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are 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 the price to fall down.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected again below Kumo Cloud forming “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud is going down (2), Senkou Spans A and B are also moving downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect the price to continue falling down.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud is going down (2), Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart and away from it, the price is below the indicator’s lines. In the near term, we can expect the price to continue moving downwards and try to return to resistance of Tenkan-Sen.