Ichimoku Cloud Analysis 12.07.2012 (GBP/USD, GOLD)

Analysis for July 12^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), both lines are directed downwards. Kumo Cloud is going down (2), Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart. Short-term forecast: we can expect the price to continue moving downwards.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Kumo Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support of Tenkan-Sen and the price to start falling down again.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support of Tenkan-Sen and the price to continue falling down.



XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support of Tenkan-Sen and the price to continue falling down.