Ichimoku Cloud Analysis 14.08.2012 (GBP/USD, GOLD)

Analysis for August 14^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), both lines are directed upwards. Kumo Cloud is going up (2), Senkou Spans A and B are also moving upwards. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. Short-term forecast: we can expect support of Tenkan‑Sen and the price to move upwards. Buy Limit and Stop Loss are placed below Tenkan‑Sen.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again above Kumo Cloud and formed “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is moving upwards. Kumo Cloud is going up (2), Senkou Span A is directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart, the price is on Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen and the price to grow up.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), but the lines are very close to each other and both are horizontal right now. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart, the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan‑Sen and Kijun-Sen, and support of Senkou Spans A and B.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected on Senkou Spans A and B forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is moving away from the chart, the price is below the indicator’s lines. Short‑term forecast: we can expect the price to move downwards.