Ichimoku Cloud Analysis 09.08.2012 (GBP/USD, GOLD)
09.08.2012
Analysis for August 9th, 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 Span A is also horizontal, and Senkou Span B is moving upwards. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. Short-term forecast: we can expect support of Senkou Span B and the price to fall down inside the channel between Tenkan-Sen and Kijun-Sen.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud, the lines may intersect and form “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed upwards. 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 below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect the price to fall down towards the cloud’s border and support of Senkou Span B.
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 is going down (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 attempts of the price to stay inside the channel between Tenkan-Sen and Kijun-Sen. Stop Loss is fixed.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is 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 the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Senkou Span B and the price to move downwards.
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.