Ichimoku Cloud Analysis 03.12.2014 (GBP/USD, GOLD)
03.12.2014
Analysis for December 3rd, 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); Tenkan-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 Senkou Span A and D Tenkan-Sen.
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 between Tenkan-Sen and Kijun‑Sen. Short term forecast: we can expect resistance from Senkou Span B and support from Tenkan-Sen.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo Cloud. Chinkou Lagging Span is above the chart, Kumo Cloud is moving upwards (2), and the price is on Tenkan‑Sen – D Senkou Span A. Short-term forecast: we can expect support from Senkou Span A, and growth 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.