Ichimoku Cloud Analysis 02.12.2014 (GBP/USD, GOLD)
02.12.2014
Analysis for December 2nd, 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). Chinkou Lagging Span is above the chart, Kumo Cloud is going down (2), and the price has rebounded from the cloud’s upper border and right now is moving inside it. Short term forecast: we can expect support from D Tenkan-Sen, and attempts of the price to stay above the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). 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 Senkou Span B, and growth 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. Chinkou Lagging Span is above the chart, Kumo Cloud is closed (2), and the price is above the lines. Short-term forecast: we can expect support from D Tenkan-Sen, and growth of the price.
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.