Ichimoku Cloud Analysis 08.11.2013 (GBP/USD, GOLD)
08.11.2013
Analysis for November 8th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance from Senkou Span B.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other inside Kumo Cloud (1); all lines are directed upwards. Ichimoku Cloud is closed (2); Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect resistance from H4 Senkou Span B.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from Senkou Span A.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1); all lines are horizontal. Ichimoku Cloud is closed (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect attempts of the price to stay above the cloud.
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.