Ichimoku Cloud Analysis 31.07.2012 (GBP/USD, GOLD)
31.07.2012
Analysis for July 31st, 2012
GBP/USD
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan‑Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is starting to go down (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect the price to continue falling down towards Kijun-Sen.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud. Short‑term forecast: we can expect the price to continue falling down towards the cloud’s lower border.
GOLD
GOLD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is still going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart. Short-term forecast: the price was supported by Tenkan-Sen and may continue growing up.
GOLD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect the price to start growing up after being supported by Tenkan-Sen and Senkou Span A.
Attention!
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.