Ichimoku Cloud Analysis 04.09.2013 (GBP/USD, GOLD)
04.09.2013
Analysis for September 4th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is horizontal, other lines are directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect the price to return to the cloud’s broken border.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support of Tenkan-Sen – Kijun-Sen and the price to move upwards.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other near the cloud’s upper border; Kijun-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is below the chart, and the price is near the cloud’s upper border. Short‑term forecast: we can expect support of Tenkan-Sen – Kijun-Sen – Senkou Span A and the price to move upwards.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross”; Senkou Span B is horizontal, Tenkan-Sen and Senkou Span A are moving downwards, Kijun-Sen is directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support of H4 Kijun-Sen and the price to grow up.
RoboForex Analytical Department
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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.