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Ichimoku Cloud Analysis 23.11.2016 (GBP/USD, GOLD)

Analysis for November 23rd, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is heading down, Chinkou Lagging Span is below the chart, and the price on D Kumo. Short-term forecast: we can expect decline of the price inside the daily cloud towards its downside border.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Kijun-Sen is directed downwards. Ichimoku Cloud is reversing to the downside (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, 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) and D “Dead Cross” (3). Ichimoku Cloud is moving downwards, Chinkou Lagging Span is below the chart, and the price is being corrected on Tenkan-Sen. Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price towards W Senkou Span B.



 
RoboForex Analytical Department

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