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Ichimoku Cloud Analysis 21.11.2016 (GBP/USD, GOLD)

Analysis for November 21st, 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 inside D Kumo. Short-term forecast: we can expect decline of the price towards support from W Tenkan-Sen – D Senkou Span A.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1) again. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further 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); D Tenkan-Sen is directed downwards. Ichimoku Cloud is moving downwards and widening, Chinkou Lagging Span is on the chart, and the price is being corrected between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect decline of the price towards support from W Senkou Span B.



 
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