Ichimoku Cloud Analysis 30.10.2012 (GBP/USD, GOLD)
30.10.2012
Analysis for October 30th. 2012
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Tenkan-Sen and Senkou Span B, and the price to fall down.
GBPUSD, 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); Senkou Span B is horizontal, Kijun‑Sen and Senkou Span A are directed downwards, and Tenkan-Sen is moving upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to move below the cloud.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span B are horizontal, Kijun-Sen and Senkou Span A are moving downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span got very close to the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Tenkan-Sen and Kijun-Sen, and the price to move towards the cloud’s lower border.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); right now they are moving towards each other again, Senkou Span B is horizontal, Kijun‑Sen and Senkou Span A are directed downwards, and Tenkan-Sen is moving upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect support of Tenkan-Sen, Kijun‑Sen, and Senkou Span B, and resistance of Senkou Span A.
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