Ichimoku Cloud Analysis 03.10.2011 (GBP/USD, GOLD)

03.10.2011

Analysis for October 3rd, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is directed upwards. Kumo Cloud is going up (2), Senkou Spans A and B are moving away from each other. Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud below Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to grow up to Senkou Span B and rebound from the cloud’s upper border.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below 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 on the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to continue growing.


GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected and are directed upwards. Ichimoku Cloud is going down, Senkou Spans A and B are moving toward each other, Senkou Span A is directed upwards, and Senkou Span B is directed downwards. Chinkou Lagging Span crossed the black candlestick and is now above the chart, the price is below Kumo Cloud supported by Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Kijun-Sen, the price to grow up to the cloud’s lower border and resistance of Senkou Span A.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are under the pressure of “Golden Cross” (1), all indicator’s lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart and is away from it, and the price is above Tenkan-Sen. In the near term, we can expect the price to continue moving upwards and return to the support line of Tenkan-Sen.


Attention!

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.