Ichimoku Cloud Analysis 20.07.2012 (GBP/USD, GOLD)

Analysis for July 20^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are directed upwards. Kumo Cloud is going up (2), Senkou Span A is moving upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support of Tenkan-Sen and then the price to continue growing up.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is moving upwards. Kumo Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is moving sideways. Chinkou Lagging Span is above the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen and then the price to start moving upwards again.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is in equilibrium (2). Chinkou Lagging Span is above the chart, the price is inside Kumo Cloud. Short-term forecast: we can expect support of Senkou Span B and the price to continue falling down.



XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), both lines are moving sideways. Ichimoku Cloud is going up (2), Senkou Span A is moving upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, inside Kumo Cloud. Short‑term forecast: we can expect price to break Tenkan-Sen and Kijun-Sen backwards and then start falling down again.