Ichimoku Cloud Analysis 24.09.2012 (GBP/USD, GOLD)

Analysis for September 24^th, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected again and formed “Golden Cross” (1), but Tenkan-Sen and Senkou Span A are directed downwards, Kijun-Sen and Senkou Span B are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is on the chart, and the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect the price to try to stay inside the cloud.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), all lines are horizontal. 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 resistance of Tenkan-Sen and the price to continue falling down.

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 below the chart, the price is on Senkou Span A. Short‑term forecast: we can expect support of the cloud’s upper border and the price to try to stay inside Kumo.



GOLD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), Kijun-Sen and Senkou Span B are horizontal, Tenkan-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 the price to continue falling down.