Analysis for February 9th, 2012
GBP/USD
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud is still going up, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is on the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to grow up and resistance of Tenkan-Sen.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud, in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan‑Sen and Senkou Span B, and the price to move upwards inside Kumo Cloud.
GOLD
XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud is going up, Senkou Span A is moving upwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is below the chart, the price is at the cloud’s upper border. In the near term, we can expect support of Senkou Span A and the price to continue growing up.
XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen turned downwards. Kumo Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is inside Kumo Cloud, in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Senkou Span B.