Ichimoku Cloud Analysis 08.10.2013 (GBP/USD, GOLD)
08.10.2013
Analysis for October 8th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Kijun-Sen is moving downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is trying to stay below Kumo Cloud. Short‑term forecast: we can expect resistance of Tenkan-Sen - Senkou Span B, and the price to move downwards.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud, they may intersect and form “Dead Cross” (1); Kijun-Sen is directed upwards, other lines are moving downwards. Ichimoku Cloud is going down (2) and almost closed; Chinkou Lagging Span is on the chart, and the price is below the lines. Short‑term forecast: we can expect the price to move downwards.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is close to the chart, and the price is near the cloud’s lower border. Short‑term forecast: we can expect resistance of Senkou Span B.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); Kijun-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support Senkou Spans A and B.
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