Ichimoku Cloud Analysis 07.08.2012 (GBP/USD, GOLD)

Analysis for August 7^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is going down (2), Senkou Span A is also moving downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is very close to the chart, the price is inside Kumo Cloud. Short-term forecast: we can expect resistance of Senkou Span A and support of Kijun-Sen.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal. Kumo Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. Short‑term forecast: we can expect the price to grow up and return to the cloud’s broken border. Stop Loss is below Senkou Span B.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and very close to it, the price is above the indicator’s lines. Short-term forecast: we can expect support of Senkou Span A and the price to move upwards. Stop Loss is below Kijun-Sen.



XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. Short‑term forecast: we can expect support of Tenkan-Sen and Kijun-Sen, and the price to grow up.