Ichimoku Cloud Analysis 24.08.2012 (GBP/USD, GOLD)

Analysis for August 24^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), 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 in the channel between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect the price to continue corrective movement.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is moving downwards. Ichimoku Cloud is very narrow and continues going up (2), Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Kijun-Sen and Senkou Span B, and the price to fall down.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is 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 move inside the channel between Tenkan-Sen and Kijun-Sen.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud and may intersect forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going up, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is rebounding from the chart upwards, the price is above Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Tenkan-Sen, the price to grow up and move towards the cloud.