Ichimoku Cloud Analysis 10.12.2012 (GBP/USD, GOLD)

Analysis for December 10^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud, they may intersect and form “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is very narrow, but going up (2), Chinkou Lagging Span is on the chart, and the price is below Tenkan‑Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect the price to try to stay inside the cloud.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below 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 above Tenkan‑Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect the price to finish a corrective movement and then start moving downwards.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1); Senkou Span B is directed downwards, all other lines are horizontal. 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 and reach the cloud’s lower border.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud, they may intersect and form “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud went from the red zone into the blue one (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support of Senkou Span A.



 
RoboForex Analytical Department