Ichimoku Cloud Analysis 23.04.2012 (GBP/USD, GOLD)

Analysis for April 23^rd, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen turned upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is far above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to move downwards inside the channel.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Span is also horizontal, and Senkou Span B turned upwards. Chinkou Lagging Span is below the chart, the price is near the cloud’s upper border. In the near term, we can expect support of Senkou Span B, resistance of Senkou Span A, and the attempts of the price to move below Kumo Cloud.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected again below Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Span A turned downwards, and Senkou Span B is also horizontal. 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 move downwards.



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