Ichimoku Cloud Analysis 24.04.2012 (GBP/USD, GOLD)

Analysis for April 24^rd, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “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 far above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and the price to move upwards.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “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 line. In the near term, we can expect support of Tenkan-Sen and the price to move upwards.

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 Spans A and B are also 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 the price to move upwards.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is very narrow and going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span crossed a black candlestick and is now far above the chart, the price is above Tenkan-Sen and Kijun-Sen, near the cloud’s lower border. In the near term, we can expect support of Tenkan-Sen and the price to move upwards.