Ichimoku Cloud Analysis 03.05.2013 (GBP/USD, GOLD)
03.05.2013
Analysis for May 3rd, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), 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 resistance of Tenkan-Sen and the price to fall down towards the cloud.
GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of ”Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Span B - Kijun-Sen and the price to move upwards.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Senkou Span B is directed upwards, other lines are horizontal. Ichimoku Cloud is going up (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 grow up.
XAUUSD, Time Frame Н1 – 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 up (2), Chinkou Lagging Span is above the chart, and the price is on Tankan-Sen. Short‑term forecast: we can expect support of Kijun-Sen - Senkou Span B.
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