Ichimoku Cloud Analysis 20.09.2012 (GBP/USD, GOLD)

Analysis for September 20^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 and Kijun-Sen are close to each other, all indicator’s lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is above the chart, and the price is in the channel between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect the correction to continue.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen and Senkou Span B are horizontal, Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the indicator’s lines. Short‑term forecast: we can expect the correction to continue.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1), all indicator’s lines are horizontal. Chinkou Lagging Span is above the chart and very close to it, the price is in the channel between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect support of Kijun-Sen and Senkou Span A.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Tenkan-Sen and Senkou Span B are horizontal, Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down, Chinkou Lagging Span is below the chart, and the price is below the indicator’s lines.  Short‑term forecast: we can expect resistance of Tenkan-Sen and Senkou Span B, and the price to fall down.