Ichimoku Cloud Analysis 25.11.2016 (GBP/USD, GOLD)
25.11.2016
Analysis for November 25th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). However, D Tenkan-Sen and D Kijun-Sen are very close to each other, they may intersect and form D “Dead Cross”. Ichimoku Cloud is heading down, Chinkou Lagging Span is above the chart, and the price is near Kumo’s downside border. Short-term forecast: we can expect resistance from Senkou Span B, and decline of the price towards support from Kijun-Sen – Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Dead Cross”. Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price above 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) and D “Dead Cross” (3). Ichimoku Cloud is moving downwards, Chinkou Lagging Span is below the chart, and the price is falling inside W Kumo. Short‑term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price towards W Senkou Span B.
RoboForex Analytical Department
Attention!
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.