Ichimoku Cloud Analysis 03.07.2013 (GBP/USD, GOLD)

Analysis for July 3^rd, 2013

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1); Kijun-Sen and Senkou Span A are moving downwards, other 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. Short‑term forecast: we can expect resistance of Kijun-Sen and a correction towards the cloud.



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); all lines are horizontal. Ichimoku Cloud is closed (2); Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect the price to fall down towards the support of Tenkan-Sen - Kijun-Sen – Senkou Spans A and B, and then continue moving upwards.

GOLD

XAUUSD, Time Frame H4 – 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 on the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect support of Kijun-Sen, 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 “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, inside Kumo Cloud. Short‑term forecast: we can expect support of Tenkan-Sen, resistance of Senkou Span A, and the price to fall down towards the support of H4 Kijun-Sen – Senkou Span B.



 
RoboForex Analytical Department