Ichimoku Cloud Analysis 12.12.2011 (GBP/USD, GOLD)
Analysis for December 12th, 2011
GBP/USD
GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud is going up (2), Senkou Span A is directed downwards, and Senkou Span B turned upwards. Chinkou Lagging Span moved below the chart, the price is below the indicator’s lines. In the near term, we can expect the price to continue moving downwards and return to the cloud’s lower border.
GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are horizontal now. Ichimoku Cloud is going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price continue moving downwards.
GOLD
XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), both lines are directed downwards. Kumo Cloud is going down (2), Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to continue falling down.
XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1) both lines are horizontal. Kumo Cloud is going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is below the indicators lines. In the near term, we can expect resistance of Tenkan-Sen and the price to continue falling down.
