Ichimoku Cloud Analysis 02.11.2012 (GBP/USD, GOLD)
02.11.2012
Analysis for November 2nd, 2012
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect support of Kijun-Sen and the price to continue falling down.
GBPUSD, Time Frame Н1 – 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 trying to stay below the cloud. 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 intersected below Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen is moving upwards, Tenkan-Sen and Senkou Span B are horizontal, Senkou Span A is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is below Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Span A and the attempts of the price to stay inside the cloud.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above 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 the price to fall down and try to stay inside the channel between Tenkan-Sen and Kijun-Sen.
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.