Ichimoku Cloud Analysis 17.08.2012 (GBP/USD, GOLD)

Analysis for August 17^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, both lines are horizontal. Ichimoku Cloud is going up (1), 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 the price to continue growing up.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are moving very close to each other above Kumo Cloud and may intersect forming “Dead 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 on Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Senkou Spans A and B, and the price to move upwards.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above 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 the price is above the indicator’s lines. Short‑term forecast: we can expect support of Tenkan-Sen and Senkou Span A, and the price to continue growing up. Buy Limit and Stop Loss are placed below Tenkan-Sen and Kijun-Sen.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are moving away from each other above Kumo Cloud after forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Span A is horizontal, and Senkou Span B is moving upwards. Chinkou Lagging Span is above the chart, the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Kijun-Sen and the price to move upwards.