Ichimoku Cloud Analysis 07.05.2013 (GBP/USD, GOLD)
07.05.2013
Analysis for May 7th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Senkou Spans A and B are directed upwards; other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect the price to fall down towards the cloud.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of ”Dead Cross” (1); Senkou Span B is horizontal, other lines are directed downwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect the price to move downwards.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span A. Short‑term forecast: we can expect resistance of Tenkan-Sen - Kijun-Sen, the price to enter the cloud, and then try to stay inside it.
XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); Senkou Span B is horizontal, other lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Tenkan-Sen.
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