Ichimoku Cloud Analysis 01.10.2012 (GBP/USD, GOLD)

Analysis for October 1^st, 2012

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud (1), all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect the price to move along the cloud’s upper border, resistance of Kijun-Sen and then the price to fall down.



GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), Senkou Span B is horizontal, Tenkan-Sen is directed upwards, Kijun-Sen and Senkou Span A are moving downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and then the price to fall down.

GOLD

GOLD, Time Frame H4 – 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 above the chart, and the price is on Senkou Span A. Short‑term forecast: we can expect resistance of Senkou Span A, support of Kijun-Sen, and the price to continue growing up.



GOLD, 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 narrow but continues going up (2), Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun‑Sen. Short‑term forecast: we can expect resistance of Kijun-Sen and Senkou Span A, support of Senkou Span B, and the price to grow up.