Ichimoku Cloud Analysis 24.11.2011 (GBP/USD, GOLD)

Analysis for November 24^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross”, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud keeps going down, Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect the price to fall down and attempt to stay inside the channel between Tenkan-Sen and Kijun-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), but got very close to each other, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Span A is horizontal, and Senkou Span B is directed downwards. Chinkou Lagging Span is below the chart and moving away from it, the price is below Tenkan-Sen. In the near term, we can expect resistance of Tenkan-Sen and the price to return to the cloud’s lower border.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed upwards. Kumo Cloud is going down (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and the price to continue moving inside the channel between Tenkan-Sen and Kijun-Sen.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Kumo Cloud is going down and expanding, Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart and black candlestick, the price is inside Kumo Cloud. In the near term, we can expect resistance of Senkou Span A, and the price to attempt to leave the cloud in an upward direction.