Ichimoku Cloud Analysis 20.02.2013 (GBP/USD, GOLD)
20.02.2013
Analysis for February 20th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2) and widening, 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 move downwards.
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 far below the chart, and the price is below the lines. Short‑term forecast: we can expect the price to fall down.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross”; all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is far below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect and resistance of Tenkan-Sen and the price to move downwards.
XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Senkou Span B is moving downwards again, other lines are horizontal. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Kijun-Sen and Senkou Span A, and the price to fall down.
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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.