Ichimoku Cloud Analysis 03.05.2012 (GBP/USD, GOLD)

Analysis for May 3^rd, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead 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 below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. In the near term, we can expect resistance of Tenkan‑Sen and the price to fall down towards the cloud’s lower border.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is 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 in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance of Senkou Span A and the price to move downwards.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan‑Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A also turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart, the price is inside Kumo Cloud. In the near term, we can expect resistance of Senkou Span B and the price to fall down to support of Senkou Span A.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “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 and moving away from it, the price is below the indicator’s lines. In the near term, we can expect the price to move downwards.