Analysis for November 10th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is under the chart, and the price is between the lines. Short-term forecast: we can expect support from Tenkan-Sen and resistance from W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from the cloud’s lower border, and continuation of the ascending correction.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving downwards and widening (2). Short‑term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-Sen, and continuation of the price decline.
RoboForex Analytical Department