Ichimoku Cloud Analysis 08.05.2013 (GBP/USD, GOLD)

Analysis for May 8^th, 2013

GBP/USD

GBPUSD, 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 below the chart, and the price is below Tenkan-Sen and Kijun-Sen, on Senkou Span A. Short‑term forecast: we can expect the price to enter the cloud and try to stay inside it.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed ”Dead Cross” (1); Senkou Span B is directed downwards, 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. Short‑term forecast: we can expect resistance of Senkou Span A and the price to move downwards.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen - Kijun-Sen - Senkou Span A, and the price to fall down inside the cloud.



XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is above Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Spans A and B, and the price to move downwards.



 
RoboForex Analytical Department