Ichimoku Cloud Analysis 22.10.2012 (GBP/USD, GOLD)
22.10.2012
Analysis for October 22nd, 2012
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and form “Dead Cross” (1), Tenkan-Sen is directed downwards, all other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is below Kumo Cloud, in the channel between Tenkan-Sen and Kijun-Sen. 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 are under pressure of “Dead Cross” (1), Tenkan-Sen is directed upwards, all other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below Kumo Cloud, above Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen and resistance of H4 Senkou Span A.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), Senkou Span A is directed downwards, all other lines are horizontal. 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 resistance of Tenkan-Sen and the price move downwards.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen is horizontal, and Senkou Span B is moving downwards. 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 the price to grow up towards the cloud’s lower border, and resistance of Senkou Span A.
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