Ichimoku Cloud Analysis 30.07.2013 (GBP/USD, GOLD)
30.07.2013
Analysis for July 30th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are moving towards each other (1); Senkou Span B is directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is above Kumo Cloud. Short‑term forecast: we can expect support of D Tenkan-Sen – Senkou Span A, resistance of Tenkan-Sen – Kijun-Sen, and the price to fall down.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, below Kumo Cloud. Short‑term forecast: we can expect the support of Tenkan-Sen and resistance of Senkou Span B.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1), they may intersect and form “Dead Cross”; all lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is below the chart, and the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect the price to enter the cloud and then try to stay inside it
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going up and almost closed, Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Tenkan-Sen – Senkou Span B, and the price to move downwards.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.