Ichimoku Cloud Analysis 09.11.2016 (GBP/USD, GOLD)
09.11.2016
Analysis for November 9th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other, but still 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 (2), Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect support from Senkou Span A – D Senkou Span A, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another (1) inside Kumo Cloud. Ichimoku Cloud is closed (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another, they may intersect and form “Golden Cross” (1). Ichimoku Cloud is closed (2), and the daily cloud is closed as well. Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from the cloud’s downside border, and growth of the price.
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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.