Ichimoku Cloud Analysis 14.05.2012 (GBP/USD, GOLD)

Analysis for May 14^th, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected again below 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 moving downwards. 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), the lines are moving towards each other, 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 support of Tenkan-Sen and resistance of Senkou Span A.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still 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 far 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 fall down.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “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 far 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.