Ichimoku Cloud Analysis 05.09.2012 (GBP/USD, GOLD)

Analysis for September 5^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), but Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is moving towards the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support of Kijun-Sen, resistance of Tenkan-Sen, and the price to stay inside the cloud. Sell Limit and Stop Loss has been moved into the black.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is 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 inside Kumo Cloud. Short‑term forecast: we can expect support of Senkou Span B, resistance of Kijun-Sen, and the price to fall down.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “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 resistance of Tenkan-Sen and the price to fall down inside the channel.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen is moving downwards, and Kijun-Sen is horizontal. Ichimoku Cloud went from the red zone into the blue one (2), Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Kijun-Sen, Tenkan-Sen, and Senkou Span A, and the price to fall down.