Ichimoku Cloud Analysis 23.08.2012 (GBP/USD, GOLD)

Analysis for August 23^rd, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other and still under pressure of “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed upwards. Ichimoku Cloud is going up (2), Senkou Span A is directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is far above the chart, the price is above the indicator’s lines. Short-term forecast: we can expect the correction.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again above Kumo Cloud and formed “Golden Cross” (1), Tenkan-Sen is moving downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up, Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and moving towards it, the price is the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to fall down inside the channel.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “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 far above the chart, the price is above the indicator’s lines. Short‑term forecast: we can expect the price to grow up and then to be corrected 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), Tenkan-Sen is moving upwards, and Kijun-Sen is horizontal. Ichimoku Cloud continues going up, Senkou Span A is directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is above Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Tenkan-Sen and the price to move inside the channel.