Ichimoku Cloud Analysis 01.05.2013 (GBP/USD, GOLD)
01.05.2013
Analysis for May 1st, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support of Tenkan-Sen, the price to 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 above Kumo Cloud and formed ”Golden Cross” (1); Tenkan-Sen is directed upwards, other lines are horizontal. Ichimoku Cloud is still going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance of Tenkan-Sen - Kijun-Sen, and the price to move upwards.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Kijun-Sen - Senkou Span B and the price to grow up.
XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1); all lines are horizontal. Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is above the lines. Short‑term forecast: we can expect support of Tenkan-Sen - Kijun-Sen - Senkou Span A, and the price to move below the cloud.
RoboForex Analytical Department
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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.