Ichimoku Cloud Analysis 03.09.2012 (GBP/USD, GOLD)

Analysis for September 3^rd, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1), but the lines are very close to each other and both are horizontal. Ichimoku Cloud is going up, Senkou Span A is horizontal, and Senkou Span B is 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 continue moving upwards. Buy Limit and Stop Loss are placed below Kijun-Sen.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, 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 grow up.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud and may intersect forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are 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 moving upwards.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1), both lines are horizontal now. Ichimoku Cloud is going up (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is above the chart, the price is in on Tenkan-Sen. Short‑term forecast: we can expect support of Tenkan-Sen and the price to continue growing up.