Ichimoku Cloud Analysis 04.05.2012 (GBP/USD, GOLD)

Analysis for May 4^th, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is very narrow and going up (2), Senkou Spans A and B are directed upwards. Chinkou Lagging Span is on 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 attempts of the price to stay inside the cloud.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Span A turned upwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is on the chart, the price is on Kijun-Sen. In the near term, we can expect resistance of Kijun-Sen and Senkou Span A, and the price to move downwards.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan‑Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Span A also turned downwards, and Senkou Span B is 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 fall down and then return to resistance of Tenkan-Sen.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “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 below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the attempts of the price to stay inside the channel.