Ichimoku Cloud Analysis 01.12.2014 (GBP/USD, GOLD)
01.12.2014
Analysis for December 1st, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen formed “Dead Cross” (1) inside Kumo Cloud; Tenkan-Sen and Senkou Span A are directed downwards. Chinkou Lagging Span is on the chart, Kumo Cloud is closed (2), and the price is below the lines. Short term forecast: we can expect resistance from Senkou Span A, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is heading down (2), and the price is below the lines. Short term forecast: we can expect resistance from Tenkan-Sen – Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud; both limes are directed downwards. Lagging Span is below the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect resistance from D Kijun-Sen, and decline of the price.
RoboForex Analytical Department
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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.