Ichimoku Cloud Analysis 20.11.2014 (GBP/USD, GOLD)

20.11.2014

Analysis for November 20th, 2014

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); all lines except Tenkan-Sen are directed downwards. Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is on Tenkan-Sen. Short term forecast: we can expect resistance from Kijun-Sen, and attempts of the price to stay inside the cloud.



GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other near Kumo’s upper border; the y may intersect and form “Dead Cross” (1). Chinkou Lagging Span is on the chart, Kumo Cloud is closed (2), and the price is on Tenkan-Sen – Kijun-Sen. Short term forecast: we can expect decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) inside Kumo Cloud. Chinkou Lagging Span is above the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from D Tenkan‑Sen.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.