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Ichimoku Cloud Analysis 22.02.2013 (GBP/USD, GOLD)

22.02.2013

Analysis for February 22nd, 2013

GBP/USD

GBPUSD, 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 and widening, Chinkou Lagging Span is far below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and support of Tenkan-Sen.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), Senkou Span B is directed downwards, Kijun-Sen and Senkou Span A are moving upwards, Tenkan-Sen is horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, inside Kumo Cloud. Short‑term forecast: we can expect the price to move inside the cloud and then leave it upwards.



GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross”; Kijun-Sen and Senkou Span A are moving downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is far 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 towards the cloud.



XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen is directed upwards, other lines are horizontal. Ichimoku Cloud is going down, Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Span B and the price to grow up.



 
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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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.