Ichimoku Cloud Analysis 22.08.2012 (GBP/USD, GOLD)

Analysis for August 22^nd, 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 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 Kijun-Sen and the price to fall down towards the cloud.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also moving upwards. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. Short‑term forecast: we can expect the correction towards the support lines.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again above Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is narrow and continues going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is moving towards the chart, the price is above Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect the price to move inside the channel between Tenkan-Sen and Kijun-Sen.