Ichimoku Cloud Analysis 08.08.2012 (GBP/USD, GOLD)

Analysis for August 8^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal. Kumo Cloud is narrow and continues going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart and crossed a black candlestick, 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.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), the lines are close to each other, Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud is going up (2), Senkou Span A is moving upwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is on the chart, the price is above the indicator’s lines. Short‑term forecast: we can expect the price to return to the cloud’s broken border and then continue growing up.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and very close to it, the price is inside Kumo Cloud, in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Senkou Span A and Tenkan-Sen, and the price to fall down inside the cloud. Stop Loss is above Tenkan-Sen and Senkou Span A.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Span A is also horizontal, and Senkou Span B is directed upwards. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to move downwards inside the cloud.