Ichimoku Cloud Analysis 17.10.2012 (GBP/USD, GOLD)
17.10.2012
Analysis for October 17th, 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 very narrow, but continues going down (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support of Senkou Span B.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1), all lines are directed upwards. 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 support of Kijun-Sen and the price to move upwards.
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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 in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen, support of Tenkan-Sen, and the price to grow up towards the cloud’s lower border.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), all 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 and Kijun-Sen, inside Kumo Cloud. Short‑term forecast: we can expect support of Kijun-Sen and the price to move above the cloud.
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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.