Ichimoku Cloud Analysis 29.10.2013 (GBP/USD, GOLD)
29.10.2013
Analysis for October 29th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect the price to fall down.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other 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
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen getting closer to each other above Kumo Cloud (1); Tenkan-Sen and Senkou Span A are directed downwards, Senkou Span B is moving upwards, Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect resistance of Tenkan-Sen and the rpice to fall down.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is very narrow and going up (2), Chinkou Lagging Span is below the chart, and the price is on Senkou Span B. Short‑term forecast: we can expect resistance of Tenkan-Sen – Kijun-Sen, and the price to move downwards.
RoboForex Analytical Department
Attention!
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.