Ichimoku Cloud Analysis 01.12.2015 (GBP/USD, GOLD)
01.12.2015
Analysis for December 1st, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but they are very close to each other below Kumo Cloud. Ichimoku Cloud is heading down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen and resistance from D Tenkan-Sen and the cloud’s lower border.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, support from Kijun-Sen, and growth of the price.
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 on the chart, Ichimoku Cloud is moving downwards (2), and the price is on D Tenkan-Sen. Short‑term forecast: we can expect support from Tenkan-Sen, and the price to continue the ascending correction.
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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.