Ichimoku Cloud Analysis 02.07.2013 (GBP/USD, GOLD)

Analysis for July 2^nd, 2013

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); Senkou Span B is moving downwards, other 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 the price to move inside the channel between Tenkan-Sen and Kijun-Sen.



GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Golden 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 inside Kumo Cloud. Short‑term forecast: we can expect support of Tenkan-Sen - Kijun-Sen – Senkou Span A, and the price to move upwards.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is moving downwards, Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is moving towards the chart, and the price is above Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect the price to enter the cloud and then try to stay inside it.



XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross”; all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support of Tenkan-Sen - Kijun-Sen and the price to move upwards.



 
RoboForex Analytical Department