Ichimoku Cloud Analysis 29.08.2013 (GBP/USD, GOLD)

Analysis for August 29^th, 2013

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above 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 price to fall down to reach D Kijun-Sen.



GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen, near the cloud’s lower border. Short‑term forecast: we can expect resistance of Tenkan‑Sen – Senkou Span B, and the price to move downwards.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen and the price to move downwards to reach D Tenkan-Sen.



XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), 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 fall down.



 
RoboForex Analytical Department