Ichimoku Cloud Analysis 05.02.2013 (GBP/USD, GOLD)
05.02.2013
Analysis for February 5th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is directed upwards, other 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 below the lines. Short‑term forecast: we can expect resistance of Senkou Span B and the price to fall down.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen and Senkou Span B are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Tenkan-Sen and resistance of Senkou Span A.
GOLD
GOLD, Time Frame H4 – 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 is going down (2), Chinkou Lagging Span is above the chart, and the price is near the cloud’s upper border. Short‑term forecast: we can expect resistance of Senkou Span B and support of Tenkan-Sen and Kijun-Sen.
GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is directed upwards, other lines are horizontal. Ichimoku Cloud is still inactive (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect the price to move upwards.
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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.