Ichimoku Cloud Analysis 18.11.2015 (GBP/USD, GOLD)
18.11.2015
Analysis for November 18th, 2015
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 inside Kumo Cloud (1). Ichimoku Cloud is very narrow, but continues heading down (2), Chinkou Lagging Span is close to the chart, and the price is moving inside Kumo. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price towards the cloud’s upper border and D Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from the cloud’s upper border, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is still moving downwards (2), and the price is below the lines. Short‑term forecast: we can expect resistance from Kijun-Sen – Senkou Span A, and decline 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.