Ichimoku Cloud Analysis 25.11.2014 (GBP/USD, GOLD)
25.11.2014
Analysis for November 25th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud (1); D Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is going down (2), and the price is on D Tenkan-Sen. Short term forecast: we can expect resistance from the cloud’s lower border, and decline of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1); Tenkan-Sen is directed downwards. Chinkou Lagging Span is above the chart, Kumo Cloud is closed (2), and the price is on Tenkan-Sen – Kijun-Sen, inside the cloud. Short term forecast: we can expect support from Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is on the chart, and Kumo Cloud is heading up (2). Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
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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.