Ichimoku Cloud Analysis 28.08.2012 (GBP/USD, GOLD)
28.08.2012
Analysis for August 28th, 2012
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), but Tenkan-Sen is horizontal, and Kijun-Sen is directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is above the chart, the price is in below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to fall down towards the cloud. Both Sell Limits and both Stop Losses are placed above Tenkan-Sen.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross”, Tenkan-Sen is horizontal, and Kijun-Sen is moving downwards again. Ichimoku Cloud is going down (2), Senkou Spans A and B are directed downwards. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and the price to continue falling down.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross”, Tenkan-Sen is horizontal, and Kijun-Sen is moving upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect the price to fall down inside the channel between Tenkan‑Sen and Kijun-Sen. Sell Limit and Stop Loss are placed above Tenkan-Sen.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Span A is moving downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan‑Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and Senkou Span B, and the price to continue moving downwards.
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.