Ichimoku Cloud Analysis 05.09.2013 (GBP/USD, GOLD)
05.09.2013
Analysis for September 5th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below 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 Tenkan-Sen. 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 “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and support of Senkou Span B.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is directed upwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen – Kijun-Sen, the price to leave the cloud downwards and then try to stay below it.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support Tenkan-Sen and resistance of H4 Kijun-Sen.
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