Ichimoku Cloud Analysis 02.04.2013 (GBP/USD, GOLD)
02.04.2013
Analysis for April 2nd, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed ”Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Tenkan-Sen.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed ”Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1); Senkou Span B is horizontal, other lines are directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Span A.
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 closed (2), Chinkou Lagging Span is above the chart, and the price is on Senkou Span B. Short‑term forecast: we can expect support of Senkou Span A and resistance of Tenkan-Sen.
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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.