Ichimoku Cloud Analysis 13.11.2015 (GBP/USD, GOLD)
13.11.2015
Analysis for November 13th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span crossed the chart upwards, and the price is near the cloud’s lower border. Short-term forecast: we can expect resistance from D Tenkan-Sen and support from W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1), but the lines are still very close to each other and moving in parallel. Ichimoku Cloud is very narrow, but continues going up (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect support from the cloud’s lower border.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is getting closer to the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.