Ichimoku Cloud Analysis 30.07.2012 (GBP/USD, GOLD)

Analysis for July 30^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect the price to continue falling down.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are moving towards each other. Chinkou Lagging Span is on the chart. Short‑term forecast: in case the price breaks Senkou Span A, the pair may continue falling down towards the cloud’s lower border.

GOLD

GOLD, Time Frame H4 – Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are horizontal. 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 the price to start the correction.



GOLD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up, Senkou Span A is starting to move downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart. Short‑term forecast: in case the price breaks Senkou Span A, the pair may continue falling down towards the cloud’s lower border.