Ichimoku Cloud Analysis 16.08.2012 (GBP/USD, GOLD)

Analysis for August 16^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross”, Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (1), Senkou Span A is moving upwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is moving away from the chart, the price is above the indicator’s lines. Short-term forecast: we can expect the price to continue growing up.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are moving very close to each other below Kumo Cloud and may intersect forming “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Span A is moving upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. Short‑term forecast: we can expect support of Senkou Span B and the price to move upwards.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “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 below the chart, the price is in the channel between Tenkan-Sen and Kijun‑Sen, below Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Span A and the price to fall down.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are moving towards each other after forming “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is very narrow and continues going down (2), Senkou Spans A and B are also moving downwards. Chinkou Lagging Span is above the chart, the price is inside Kumo Cloud, in the channel between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect support of Kijun-Sen and Senkou Span B. Sell Limit and Stop Loss are placed above Senkou Span B.