Analysis for August 21st, 2012
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, both lines are directed upwards. Ichimoku Cloud is going up (1), Senkou Spans A and B are also directed upwards. Chinkou Lagging Span is far 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 intersected inside Kumo Cloud and formed “Golden Cross” (1), both lines are moving upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also directed upwards. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. Short‑term forecast: we can expect support of Tenkan-Sen.
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 above the indicator’s lines. Short‑term forecast: we can expect support of Tenkan-Sen and the price to continue moving upwards.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again above Kumo Cloud and formed “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is narrow and continues going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is moving away from the chart, the price is above Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect the price to move upwards and support of Kijun-Sen.