Ichimoku Cloud Analysis 24.04.2013 (GBP/USD, GOLD)
24.04.2013
Analysis for April 24th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo Cloud, in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect the price to grow up towards Senkou Span A.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other near the cloud’s lower border, they may intersect and form ”Golden Cross” (1); Senkou Span B is horizontal, other lines are directed upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect the price to grow up towards resistance of H4 Senkou Span A.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect support of Tenkan-Sen, resistance of D Tenkan-Sen, and the price to move downwards.
XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen is directed upwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is on Senkou Span A. Short‑term forecast: we can expect support of Tenkan-Sen - Senkou Span B and the price to grow up.
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