Ichimoku Cloud Analysis 13.11.2013 (GBP/USD, GOLD)
13.11.2013
Analysis for November 13th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all are horizontal. Ichimoku Cloud is very narrow and going down (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from Kijun-Sen and decline of the price.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Senkou Span B is horizontal, other lines are directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is near the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support from Tenkan-Sen, resistance from H4 Kijun-Sen, and decline of the price.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect the price to move inside Tenkan-Sen – Kijun-Sen channel.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced “Dead Cross” (1); Kijun-Sen and Senkou Span B are horizontal, Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is near the chart. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-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.