Ichimoku Cloud Analysis 11.04.2012 (GBP/USD, GOLD)
11.04.2012
Analysis for April 11th, 2012
GBP/USD
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud and may intersect forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart, the price is below Kumo Cloud. In the near term, we can expect resistance of Senkou Span B and the attempts of the price to stay inside the cloud.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s line. In the near term, we can expect support of Senkou Span A and Tenkan-Sen, and the price to move upwards.
GOLD
XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2) and squeezing, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is inside Kumo Cloud. In the near term, we can expect the price to fall down, and support of Tenkan-Sen and Senkou Span A.
XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Senkou Span A and the price to move downwards.
Attention!
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.