Ichimoku Cloud Analysis 06.10.2013 (GBP/USD, GOLD)
06.10.2013
Weekly Analysis, October 7th – 11th, 2013
GBP/USD
GBPUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Senkou Span B is horizontal, other lines are directed upwards. Ichimoku Cloud is closed (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 and the price to move upwards.
GBPUSD, Time Frame Daily – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); Senkou Spans A and B are directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen Kijun-Sen. Short‑term forecast: we can expect support of Senkou Span A and the price to grow up.
GOLD
XAUUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen and Senkou Span B are directed downwards, other 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 resistance of Tenkan-Sen – Kijun-Sen, and the price to fall down.
XAUUSD, Time Frame Daily – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud 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 Tenkan-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and the price to move downwards.
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.