Ichimoku Cloud Analysis 03.07.2012 (GBP/USD, GOLD)

Analysis for July 3^rd, 2012

GBP/USD

GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Kumo Cloud is going up (2), Senkou Spans A and B are also horizontal. 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 the attempts of the price to stay inside the channel between Tenkan-Sen and Kijun-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), the lines are very close to each other, Tenkan-Sen is directed downwards, and Kijun-Sen turned upwards. Kumo Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart, the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. In the near term, we can expect support of Senkou Span A and the attempts of the price to stay inside the cloud. Stop Loss is above Tenkan-Sen.

GOLD

XAUUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Span A is moving upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and moving away from it, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and the price to grow up.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected again above Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. 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 the price to move upwards.