Ichimoku Cloud Analysis 10.11.2016 (GBP/USD, GOLD)

10.11.2016

Analysis for November 10th, 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 above Kumo Cloud (1). D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is heading up (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect decline of the price towards support from Senkou Span B – Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1) below Kumo Cloud; Tenkan-Sen is directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1). Ichimoku Cloud is moving upwards (2), and the daily cloud is heading up as well. Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Senkou Span B, and decline of the price towards the daily cloud’s upside border.



 
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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.