Ichimoku Cloud Analysis 05.06.2012 (GBP/USD, GOLD)

05.06.2012 / 13:48

Analysis for June 5^th, 2012

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross” (1), right now Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Ichimoku Cloud is still going down, Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan‑Sen and Kijun‑Sen. In the near term, we can expect support of Tenkan-Sen, the price to move upwards inside the channel, and then resistance of Kijun-Sen. Stop Loss is placed below Tenkan-Sen, Take Profit is below Kijun-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected again inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is near the cloud’s upper border. In the near term, we can expect support of Tenkan-Sen, Kijun-Sen and Senkou Span B.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), right now Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up and widening (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is far above chart, the price is trying to stay inside the channel between Tenkan‑Sen and Kijun‑Sen. In the near term, we can expect a corrective price movement inside the channel.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is trying to break support lines. In the near term, we can expect the price to move downwards towards Senkou Span A and support of the cloud’s upper border.