Analysis for November 15th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1); Tenkan-Sen is directed upwards, other are horizontal. Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span B. Short‑term forecast: we can expect support from cloud’s upper border.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other above Kumo Cloud (1); Kijun-Sen and Senkou Span A are directed upwards, other lines are horizontal. Ichimoku Cloud is going up; Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen and growth of the price.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast: we can expect support from Tenkan-Sen and growth of the price up to cloud’s lower border.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other and influenced by “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above Tenkan-Sen. Short‑term forecast: we can expect support from Kijun-Sen and growth of the price.
RoboForex Analytical Department