Ichimoku Cloud Analysis 27.07.2012 (GBP/USD, GOLD)

Analysis for July 27^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is in equilibrium (2). Chinkou Lagging Span is on the chart. Short-term forecast: we can expect the price to continue growing up.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are directed upwards. 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. Short‑term forecast: we can expect the price to rebound from Tenkan-Sen and then continue growing up.

GOLD

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



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are above Kumo Cloud, both lines are directed upwards. Ichimoku Cloud is going up (1), Senkou Spans A and B continue moving upwards. Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support of Tenkan-Sen and then the price to star growing up again.