Ichimoku Cloud Analysis 10.05.2013 (GBP/USD, GOLD)
10.05.2013
Weekly Analysis, May 10th, 2013
GBP/USD
GBPUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect resistance of Kijun-Sen and the price to fall down towards Tenkan-Sen.
GBPUSD, Time Frame Daily – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed ”Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen, support of Tenkan-Sen, and the price to move downwards.
GOLD
XAUUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Tenkan-Sen, the price to enter the channel between Tenkan-Sen and Kijun-Sen, and then try to stay inside it.
XAUUSD, Time Frame Daily – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Kijun-Sen and resistance of Senkou Span A.
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