Ichimoku Cloud Analysis 06.08.2012 (GBP/USD, GOLD)
06.08.2012
Analysis for August 6th, 2012
GBP/USD
GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1), Kijun‑Sen is directed downwards, and Tenkan-Sen is horizontal. Ichimoku Cloud is starting to go down (2), Senkou Span A is directed downwards, and Senkou Span B is still horizontal. Chinkou Lagging Span is below the chart, inside Kumo Cloud. Short‑term forecast: in case the price moves below Kijun-Sen, the pair may continue falling down.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1), both lines are horizontal now. Ichimoku Cloud is in equilibrium (2). Chinkou Lagging Span is above the chart, the price broke Kumo Cloud and right now is consolidating. Short‑term forecast: during the next several days the market may test Senkou Span B.
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 going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart. Short-term forecast: in case the price is supported by Kijun-Sen and Senkou Span A, the pair may start falling down again.
GOLD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are moving very close to each other (1). Ichimoku Cloud is going down (2), Senkou Spans A and B are still horizontal. Chinkou Lagging Span is above the chart. Short‑term forecast: in case the price breaks Kumo Cloud backwards, 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.