Ichimoku Cloud Analysis 26.11.2014 (GBP/USD, GOLD)
26.11.2014
Analysis for November 26th, 2014
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); D Tenkan-Sen is still directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is going down (2), and the price is inside Kumo. Short term forecast: we can expect growth of the price and resistance from Senkou Span B.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” above Kumo Cloud (1); all lines except Senkou Span B are directed upwards. Chinkou Lagging Span is above the chart, Kumo Cloud is heading up (2), and the price is on Tenkan-Sen. Short term forecast: we can expect support from Kijun-Sen, and growth of the price.
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 on the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from 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.