Ichimoku Cloud Analysis 02.08.2012 (GBP/USD, GOLD)
02.08.2012
Analysis for August 2nd, 2012
GBP/USD
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1), Tenkan‑Sen is horizontal, and Kijun-Sen is directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are moving close to each other. Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support of Kumo Cloud and then the price continue falling down.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) and started moving towards each other. Ichimoku Cloud is going down (2), Senkou Spans A and B are horizontal and moving in parallel. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen and the price to continue moving downwards.
GOLD
GOLD, Time Frame H4 – Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1), both lines are horizontal so far. Ichimoku Cloud is still going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart. Short-term forecast: in case the price is supported by Tenkan-Sen, the pair may start falling down and break Kumo Cloud.
GOLD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), although both lines are very close to each other. 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 break Tenkan-Sen and Kijun-Sen, and then continue falling down.
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.