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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 16.11.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 16.11.2016 (GBP/USD, GOLD)

16.11.2016

Analysis for November 16th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Ichimoku Cloud is closing (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Senkou Span A, resistance from Kijun-Sen, and more attempts of the price to break the cloud to the downside.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going down (2), but is very narrow; Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Senkou Span A, and growth of the price.




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); Tenkan-Sen provides support. Ichimoku Cloud is moving downwards and widening, Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect the price to grow between the lines up to Kijun-Sen.



 
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