Ichimoku Cloud Analysis 17.10.2013 (GBP/USD, GOLD)
17.10.2013
Analysis for October 17th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1); Tenkan-Sen, Kijun-Sen, and Senkou Span A are moving upwards, Senkou Span B is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is near the cloud’s upper border. Short‑term forecast: we can expect resistance of Senkou Span A and the price to stay above the cloud.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are moving upwards, other lines are horizontal. 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.
GOLD
XAUUSD, Time Frame H4 – 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 upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is near the cloud’s upper border. Short‑term forecast: we can expect support of Senkou Span B.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. 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.
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