Ichimoku Cloud Analysis 01.08.2012 (GBP/USD, GOLD)
01.08.2012
Analysis for August 1st, 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 going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: in case the price breaks Kijun-Sen, the pair may continue falling down.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are horizontal and moving in parallel. Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support of Tenkan-Sen and Kijun-Sen, and the price to continue moving downwards.
GOLD
GOLD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is moving upwards. Ichimoku Cloud is still going up (2), Senkou Span A is moving upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart. Short-term forecast: in case the price breaks Kijun-Sen, the pair may continue falling down towards Senkou Span A.
GOLD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Span A is moving upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect the price to start falling down after being supported by Tenkan-Sen.
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.