Ichimoku Cloud Analysis 24.01.2013 (GBP/USD, GOLD)
24.01.2013
Analysis for January 24th, 2013
GBP/USD
GBPUSD, Time Frame H4 – 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 below the lines. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to enter the channel between Tenkan‑Sen and Kijun-Sen.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected near the cloud’s lower border and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen and Senkou Span B are horizontal. Ichimoku Cloud went from the red zone into the blue one (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 stay above the cloud.
GOLD
GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”; all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart and may cross it downwards, and the price is below Tenkan‑Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect support of Senkou Span A and the price to stay inside the cloud.
GOLD, Time Frame Н1 – 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 fall down.
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