Ichimoku Cloud Analysis 16.10.2012 (GBP/USD, GOLD)
16.10.2012
Analysis for October 16th, 2012
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), Senkou Span B is horizontal, all other lines are directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is on Senkou Span A. Short‑term forecast: we can expect the price to continue growing up.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1), all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect the price to continue moving upwards.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), Senkou Span B is horizontal, all other lines are directed downwards. 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 move upwards up to resistance of Kijun-Sen.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Golden Cross” (1), Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen and Senkou Span B are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is above Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect support of Tenkan-Sen and Kijun-Sen, and the price to move upwards up the cloud’s lower border.
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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.