RoboForex - Analytics

RoboForex

907.00 5.50/10
77% of positive reviews
Real
How to join the service?

Ichimoku Cloud Analysis 17.11.2016 (GBP/USD, GOLD)

Analysis for November 17th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is heading down (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Senkou Span A – D Senkou Span B, resistance from Kijun-Sen, and more attempts of the price to stay inside the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud, they may intersect and form “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is still on the chart. Short-term forecast: we can expect support from Senkou Span B, 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); Kijun-Sen is directed downwards. Ichimoku Cloud is moving downwards and widening, Chinkou Lagging Span is getting closer to the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect the price to be corrected up to Kijun-Sen and then move downwards.



 
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