Ichimoku Cloud Analysis 04.10.2011 (GBP/USD, GOLD)

Analysis for October 4^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are directed downwards. Kumo Cloud went from the red zone into the blue one (2), Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect the price to move downwards and return to Tenkan-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Span A is directed downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is below the chart, and the price is below Tenkan-Sen. In the near term, we can expect the price to continue moving downwards and return into the channel between Tenkan-Sen and Kijun-Sen.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected forming “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down, Senkou Spans A and B are moving toward each other, Senkou Span A is directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart, and the price is inside Kumo Cloud above Tenkan-Sen. In the near term, we can expect support of Tenkan-Sen and Senkou Span A, and the price to move upwards to the cloud’s upper border.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under the pressure of “Golden Cross” (1), Tenkan-Sen and Kijun-Sen are directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also directed upwards. Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to try to break support lines and then continue growing.