Ichimoku Cloud Analysis 30.08.2013 (GBP/USD, GOLD)
30.08.2013
Analysis for August 30th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, Kijun-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 the price to fall down to reach D Kijun-Sen.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected are very close to each other near the cloud’s upper border; Tenkan-Sen is directed downwards, other lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is below the chart, and the price is on Senkou Span B. Short‑term forecast: we can expect resistance of Tenkan‑Sen – Kijun-Sen – Senkou Span A, 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); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect support of D Tenkan-Sen and resistance of Tenkan-Sen – Kijun-Sen.
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 down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of H4 Tenkan-Sen – H4 Kijun-Sen, and the price to fall down.
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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.