Ichimoku Cloud Analysis 11.05.2012 (GBP/USD, GOLD)

Analysis for May 11^th, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden 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 price to move downwards.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen turned upwards. Ichimoku Cloud is going up (2), Senkou Span A is directed upwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is on 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 cloud.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still 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 price to continue falling down.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is far below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen.