Ichimoku Cloud Analysis 19.09.2012 (GBP/USD, GOLD)

Analysis for September 19^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), Tenkan-Sen, Kijun-Sen, and Senkou Span A are horizontal, and Senkou Span B is directed upwards. Ichimoku Cloud is going up, Chinkou Lagging Span is above the chart, and the price is trying to stay inside the channel between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect a correction.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1), all indicator’s lines are horizontal. Ichimoku Cloud is narrow and continues going up, Chinkou Lagging Span is on the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen and 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), Senkou Span B is directed upwards, and other lines are horizontal. Chinkou Lagging Span is above the chart and moving towards it, the price is above the indicator’s lines. Short‑term forecast: we can expect support of Tenkan-Sen.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Golden Cross” (1), all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is moving towards the chart, the price is on Tenkan-Sen.  Short‑term forecast: we can expect support of Tenkan-Sen and the price to fall down towards Kumo Cloud.