Ichimoku Cloud Analysis 06.06.2013 (GBP/USD, GOLD)
06.06.2013
Analysis for June 6th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect the price to grow up towards D Senkou Span A.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected near the cloud’s upper border and formed “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is still going up (2), but very narrow; Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support of Tenkan-Sen and the price to move upwards.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close above Kumo Cloud, they may intersect and form “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 on the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect the price to grow up.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span B. Short‑term forecast: we can expect support of Kijun-Sen and Senkou Span B, and the price to move upwards.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.