Ichimoku Cloud Analysis 19.10.2012 (GBP/USD, GOLD)
19.10.2012
Analysis for October 19th, 2012
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other near the cloud’s upper border, they may intersect and form “Dead Cross” (1), Tenkan-Sen is directed downwards, all other lines are horizontal. Ichimoku Cloud is very narrow, but continues going up (2), Chinkou Lagging Span is on the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Senkou Span A and the price to fall down.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside 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 below the lines. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to move downwards.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal, Senkou Spans A and B are directed downwards. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect the price move downwards and then try to grow up towards the cloud’s lower border.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1), all 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 resistance of Tenkan-Sen and the price to continue falling down.
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