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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 22.11.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 22.11.2016 (GBP/USD, GOLD)

22.11.2016

Analysis for November 22nd, 2016

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 are still influenced by D “Golden Cross” (3). Ichimoku Cloud is heading down, Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is getting closer to the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, support from Kijun-Sen – 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 influenced by “Dead Cross” (1) and D “Dead Cross” (3). Ichimoku Cloud is still moving downwards, Chinkou Lagging Span is on the chart, and the price is being corrected between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen – W Senkou Span A, and growth of the price towards resistance from Senkou Span A.



 
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