RoboForex - Analytics

RoboForex

906.25 5.25/10
77% of positive reviews
Real
How to join the service?

Ichimoku Cloud Analysis 16.11.2016 (GBP/USD, GOLD)

Analysis for November 16th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1). Ichimoku Cloud is closing (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Senkou Span A, resistance from Kijun-Sen, and more attempts of the price to break the cloud to the downside.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going down (2), but is very narrow; Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Senkou Span A, and growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen provides support. Ichimoku Cloud is moving downwards and widening, Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect the price to grow between the lines up to Kijun-Sen.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree