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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 03.11.2015 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 03.11.2015 (GBP/USD, GOLD)

03.11.2015

Analysis for November 3rd, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from W Tenkan-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is below the chart, and the price is inside Kumo. Short-term forecast: we can expect decline of the price inside the cloud.  




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); both lines are directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price up to the D Kumo’s upper border.



 
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