Ichimoku Cloud Analysis 21.09.2012 (GBP/USD, GOLD)

Analysis for September 21^st, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other, Tenkan-Sen and Senkou Span A are directed upwards, Kijun-Sen and Senkou Span B are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is on the chart, and the price is above the indicator’s lines. 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 “Golden Cross” (1), Kijun-Sen and Senkou Span A are directed upwards, Tenkan-Sen and Senkou Span B are horizontal. Ichimoku Cloud is going up (2), 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 support of Kijun-Sen and Senkou Span B.

GOLD

GOLD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud (1), all indicator’s lines are horizontal. Chinkou Lagging Span is on 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 try to fall down towards the cloud.



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