Ichimoku Cloud Analysis 23.07.2012 (GBP/USD, GOLD)

Analysis for July 23^rd, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. 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 inside Kumo Cloud. Short-term forecast: we can expect the price to break Senkou Span A and then continue falling down.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), both lines are moving downwards. Kumo Cloud is going down (2), Senkou Spans A and B are moving downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. Short‑term forecast: we can expect support of Tenkan-Sen and then the price to start moving downwards again.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside 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, the price is below the indicator’s lines. Short-term forecast: we can expect 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), Tenkan-Sen is directed downwards, and Kijun-Sen is moving sideways. 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 price to start falling down again.