Ichimoku Cloud Analysis 19.11.2014 (GBP/USD, GOLD)
19.11.2014
Analysis for November 19th, 2014
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); Kijun-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is below the lines. Short term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to grow towards the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Dead Cross” below Kumo Cloud (1). Chinkou Lagging Span is below the chart, Kumo Cloud is closed (2), and the price is below Tenkan-Sen. Short term forecast: we can expect decline of the price and attempts to stay above the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo Cloud; Tenkan-Sen is directed upwards. Chinkou Lagging Span is above the chart, and Kumo Cloud is heading up (2) Short-term forecast: we can expect support from Tenkan‑Sen – D Kijun-Sen, and growth 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.