Ichimoku Cloud Analysis 18.11.2016 (GBP/USD, GOLD)

18.11.2016

Analysis for November 18th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down, Chinkou Lagging Span is below the chart, and the price is near Kumo’s downside border. Short-term forecast: we can expect resistance from Tenkan-Sen – D Senkou Span A, and more attempts of the price to stay below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1) again; Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Tenkan-Sen, correction towards 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 are still influenced by “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is moving downwards and widening, Chinkou Lagging Span is below the chart, and the price is inside weekly Kumo. Short‑term forecast: we can expect resistance from W Senkou Span A, and decline of the price inside the weekly cloud.


 
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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.