Ichimoku Cloud Analysis 05.12.2013 (GBP/USD, GOLD)

Article By RoboForex.com

Analysis for December 5th, 2013

GBP/USD

GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1); Senkou Span B is directed upwards, other lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and price is on Kijun-Sen. Short‑term forecast: we can expect attempts to stay inside Kumo.

GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is very narrow and continues going down (2); Chinkou Lagging Span is on the chart, and price is inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect support from Senkou Span A – Kijun-Sen, and growth of the price.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is very narrow and still going down, Chinkou Lagging Span is below the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect attempts to stay above Kumo.

XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is above the chart, and price is inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect support from Kijun-Sen – Senkou Spans A and B, and growth of the price.

RoboForex Analytical Department

Article By RoboForex.com

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