Ichimoku Cloud Analysis 15.10.2012 (GBP/USD, GOLD)
15.10.2012
Analysis for October 15th, 2012
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 down (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect the price to grow up towards Senkou Span A.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen is directed downwards, all other lines are moving upwards. Ichimoku Cloud went from the red zone into the blue one, Chinkou Lagging Span is on the chart, and the price is above the lines. Short‑term forecast: we can expect support of Kijun-Sen and then the price to fall down.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below Kumo Cloud. Short‑term forecast: we can expect the price to move upwards up to resistance of Tenkan-Sen.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below 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 in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Tenkan-Sen and the price to move upwards up to resistance lines.
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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.