Ichimoku Cloud Analysis 07.09.2012 (GBP/USD, GOLD)

Analysis for September 7^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), both lines are directed upwards. Ichimoku Cloud is going up (2), Senkou Spans A and B are also moving upwards. 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 grow up.



GBPUSD, Time Frame Н1 – 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 Span A is horizontal, and Senkou Span B is moving upwards. Chinkou Lagging Span is far 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 move upwards.

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 moving towards 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 directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Senkou Span A is moving downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Senkou Spans A and B, Kijun-Sen, and then the price to fall down.