Ichimoku Cloud Analysis 11.03.2013 (GBP/USD, GOLD)
11.03.2013
Analysis for March 11th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is still going down, 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, enter the channel between Tenkan-Sen and Kijun-Sen, and then try to stay inside it.
GBPUSD, 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 upwards, other lines 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 the price to stay inside the cloud.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is still going down (2), Chinkou Lagging Span is on the chart, and the price is above Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect support of Tenkan-Sen - Kijun-Sen and the attempts of the price to stay above the cloud.
XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Senkou Span B and 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.