Ichimoku Cloud Analysis 20.08.2012 (GBP/USD, GOLD)

Analysis for August 20^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 Span A is directed downwards, and Senkou Span B is moving upwards. Chinkou Lagging Span is on the chart, the price is in the channel between Tenkan-Sen and Kijun‑Sen. Short-term forecast: we can expect support of Senkou Span A.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are moving very close to each other inside Kumo Cloud and may intersect forming “Golden Cross” (1), Tenkan-Sen is moving upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud. Short‑term forecast: we can expect the price to move downwards.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is trying to stay in the channel between Tenkan‑Sen and Kijun‑Sen, inside Kumo Cloud. Short‑term forecast: we can expect the price to fall down inside the cloud and the channel.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are moving towards each other above Kumo Cloud after forming “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 below the chart, the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can the price to move downwards.