Ichimoku Cloud Analysis: GBP/USD, Gold

RoboForex Team RoboForex

Analysis for November 14th, 2016

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and form “Golden Cross” (1) again. D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3); D Tenkan-Sen is directed upwards. Ichimoku Cloud is heading up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from D Senkou Span B, and a further growth of the price.

GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closing; Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen and the cloud’s downside 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 and Senkou Span A are directed downwards. The weekly cloud’s upside border provided support, Ichimoku Cloud is moving downwards and widening, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect the correction to continue up to resistance from Tenkan-Sen.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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