Ichimoku Cloud Analysis 30.11.2016 (GBP/USD, GOLD)

30.11.2016

Analysis for November 30th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is near Kumo’s upside border. Short-term forecast: we can expect support from Tenkan-Sen – D Senkou Span B, and attempts of the price to stay above the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud, they may intersect and form “Dead Cross” (1); both lines are directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is close to the chart. Short-term forecast: we can expect decline of the price, and support from Senkou Span B.




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) and D “Dead Cross” (3). Ichimoku Cloud is moving downwards, the daily cloud is falling as well, and Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and decline of the price towards the weekly cloud’s downside border.



 
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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.