Ichimoku Cloud Analysis 03.08.2012 (GBP/USD, GOLD)
03.08.2012
Analysis for August 3rd, 2012
GBP/USD
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), both lines are horizontal so far. Ichimoku Cloud is starting to go down (2), Senkou Spans A and B are moving close to each other. Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect the price continue falling down.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), Tenkan‑Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud continues going down, Senkou Spans A and B are moving towards each other. 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 or Senkou Span A, and then the price to continue moving downwards.
GOLD
GOLD, Time Frame H4 – Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), both lines are horizontal so far. Ichimoku Cloud is still going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is below the chart, the price broke Kumo Cloud. Short-term forecast: in case the price is supported by Senkou Span B, the pair may start falling down.
GOLD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), both lines are horizontal now. 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: in case the price is supported by Kijun-Sen, the pair may 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.