Analysis for November 4th, 2015
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen and support from W Tenkan-Sen.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo. Short-term forecast: we can expect resistance from the cloud’s upper border.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is below the lines. Short‑term forecast: we can expect resistance from D Senkou Spans A and B, and decline of the price.
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