Analysis for November 12th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Golden Cross” (1), but D Tenkan-Sen is directed downwards. Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span is close to the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from W Senkou Span A and Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and the price is above Kumo. Short-term forecast: we can expect support from the cloud’s lower border, and attempts of the price to stay below 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). Chinkou Lagging Span is below the chart; Ichimoku Cloud is still moving downwards (2). Short‑term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
RoboForex Analytical Department
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