Ichimoku Cloud Analysis 12.09.2012 (GBP/USD, GOLD)

Analysis for September 12^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), all indicator’s lines are directed upwards. Ichimoku Cloud is going up (2), 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, the price to grow up and then try to move towards the cloud.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1), all indicator’s lines are directed 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 move upwards.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), all indicator’s lines are directed upwards. Chinkou Lagging Span is above the chart, the price is above Tenkan-Sen. Short‑term forecast: we can expect support of Tenkan-Sen and the price to grow up.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud, all indicator’s lines directed 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 Kijun-Sen, and the price to grow up.