Ichimoku Cloud Analysis 21.07.2012 (GBP/USD, GOLD)

Weekly Analysis, July 23^rd – 27^th, 2012

GBP/USD

GBPUSD, Time Frame Daily – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Span A is moving upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and moving towards it, the price is above Tenkan-Sen and Kijun-Sen, inside Kumo Cloud. In the near term, we can expect the price to leave Kumo Cloud and the start moving upwards again.



GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), both lines are horizontal. Kumo Cloud is going up (2), Senkou Spans A and B are moving sideways. Chinkou Lagging Span is above the chart, the price is below Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and then the price to move towards Kumo Cloud.

GOLD

XAUUSD, Time Frame Daily – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is going down, Senkou Span A is moving downwards, and Senkou Span B is moving sideways. Chinkou Lagging Span is below the chart, is inside Kumo Cloud, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Senkou Span B.



XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected near the cloud’s lower border forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is still going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud. In the near term, we can expect support of Senkou Span B and then start falling down again.