Ichimoku Cloud Analysis 08.10.2012 (GBP/USD, GOLD)
08.10.2012
Analysis for October 8th, 2012
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud (1), all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect the price to fall down.
GBPUSD, Time Frame Н1 – 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 above the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to continue moving downwards.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud, they may intersect and form “Dead Cross” (1), all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is on the chart, and the price is near the cloud’s upper border. Short‑term forecast: we can expect support of Kumo Cloud and then the price to fall down.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Kijun-Sen and Senkou Span A is moving downwards, and all other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Kijun-Sen, and of H4 Tenkan-Sen and Kijun-Sen.
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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.