Ichimoku Cloud Analysis 17.04.2012 (GBP/USD, GOLD)

17.04.2012

Analysis for April 17th, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected near the cloud’s lower border forming “Dead Cross” (1), the lines are very close to each other and both directed upwards. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Span A is moving upwards, and Senkou Span B turned downwards. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to return to Senkou Span B.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are moving upwards. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen, and then the price to return to the cloud’s upper border.


GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart, the price is near the Kumo’s upper border. In the near term, we can expect resistance of Senkou Span B, and then the price to move downwards.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is below Kumo’s lower border. In the near term, we can expect resistance of Senkou Span A.


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.