Analysis for November 11th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting above Kumo Cloud and forming “Golden Cross” (1); all lines are directed upwards. D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is heading up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Tenkan-Sen, and a further growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is moving downwards; Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect the lines to form “Dead Cross” of the daily (3) and weekly charts, and decline of the price towards the weekly cloud’s upside border.
RoboForex Analytical Department
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