Ichimoku Cloud Analysis 24.11.2014 (GBP/USD, GOLD)
24.11.2014
Analysis for November 24th, 2014
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 below Kumo Cloud (1); Tenkan-Sen is moving upwards. Chinkou Lagging Span is on the chart, Kumo Cloud is going down (2), and the price is on Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect attempts of the price to stay inside the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other, but still influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards. Chinkou Lagging Span is below the chart, Kumo Cloud is moving downwards (2), and the price is near the cloud’s lower border. Short term forecast: we can expect resistance from Senkou Span A, attempts of the price to stay above the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from 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.