Ichimoku Cloud Analysis 30.09.2011 (GBP/USD, GOLD)

Analysis for September 30^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Kumo Cloud went from the red zone into the blue one (2), Chinkou Lagging Span is above the chart, the price is inside Kumo Cloud between Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance of Senkou Span A the price to grow up to the cloud’s upper border.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross”, both lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen, the price to continue moving downwards and try to return into the channel between Tenkan-Sen and Kijun-Sen.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under the pressure of “Dead Cross”, Tenkan-Sen is horizontal, and Kijun-Sen turned downwards. Ichimoku Cloud is going down, Senkou Spans A and B are moving away from each other, Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart and is moving toward it, and the price is above Kijun-Sen. In the near term, we can expect support of Kijun-Sen, the price to move upwards to the cloud’s lower border, and resistance of Senkou Span A.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under the pressure of “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud went from the red zone into the blue one (2), Chinkou Lagging Span is on the chart, and the price is above Tenkan-Sen and is trying to fix itself above Kumo Cloud. In the near term, we can expect resistance of Senkou Span B and support of Kijun-Sen.