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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 04.11.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 04.11.2016 (GBP/USD, GOLD)

04.11.2016

Analysis for November 4th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame Daily. 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 getting closer to the chart, and the price is on W Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span A, and attempts of the price to stay above Kumo.



GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed upwards. D Tenkan-Sen and D Kijun-Sen are influenced by D “Golden Cross” (3) as well. Ichimoku Cloud is heading up and widening (2), Chinkou Lagging Span is above the chart, and the price is on W Tenkan-Sen. Short-term forecast: we can expect the price to be corrected towards Tenkan-Sen and then continue moving upwards.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Golden Cross” (1). Ichimoku Cloud is moving downwards, Chinkou Lagging Span is o the chart, and the price is on W Tenkan-Sen near the cloud’s downside border. Short‑term forecast: we can expect support from W Tenkan-Sen, and growth of the price above the cloud.



 
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