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Ichimoku Cloud Analysis 18.11.2016 (GBP/USD, GOLD)

Analysis for November 18th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down, Chinkou Lagging Span is below the chart, and the price is near Kumo’s downside border. Short-term forecast: we can expect resistance from Tenkan-Sen – D Senkou Span A, and more attempts of the price to stay below the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1) again; Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Tenkan-Sen, correction towards Senkou Span A, and decline 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); all lines are directed downwards. Ichimoku Cloud is moving downwards and widening, Chinkou Lagging Span is below the chart, and the price is inside weekly Kumo. Short‑term forecast: we can expect resistance from W Senkou Span A, and decline of the price inside the weekly cloud.


 
RoboForex Analytical Department

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