Ichimoku Cloud Analysis 13.10.2013 (GBP/USD, GOLD)
13.10.2013
Weekly Analysis, October 14th – 18th, 2013
GBP/USD
GBPUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Kijun-Sen and Senkou Span B are horizontal, other lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support of Tenkan-Sen and M Senkou Span A.
GBPUSD, Time Frame Daily – Indicator signals: Tenkan-Sen and Kijun-Sen moving towards each other above Kumo Cloud; Kijun-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is close to the chart, and the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect support of Senkou Span A and M Senkou Span A.
GOLD
XAUUSD, Time Frame Weekly – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is horizontal, other lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Kijun-Sen – W Senkou Span B, and the price to fall down.
XAUUSD, Time Frame Daily – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance of Tenkan-Sen and the price to move downwards.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.