Ichimoku Cloud Analysis 02.12.2015 (GBP/USD, GOLD)
02.12.2015
Analysis for December 2nd, 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 (2); Chinkou Lagging Span is very close to the chart. Short-term forecast: we can expect resistance from D Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closed (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from the cloud’s lower border, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards, but very narrow (2), and the price is on Tenkan-Sen – Kijun-Sen. Short‑term forecast: we can expect the price to continue the ascending correction and then attempts to stay above the cloud.
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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.