Ichimoku Cloud Analysis 05.11.2013 (GBP/USD, GOLD)
05.11.2013
Analysis for November 5st, 2013
GBP/USD
GBP/USD, H4. Signals of the indicator: Tenkan and Kijun lines are influenced by the «dead cross» (1), Kijun is located to the downside, other lines are horizontal. Ihimoku cloud Is going down (2), lagging line of Chinkou indicator is located below the chart, price is located inside the Tenkan-Kijun channel. Short-term resistance from Kijun is expected with further decline of price.
GBP/USD, H1. Signals of the indicator: Tenkan and Kijun got closer to each other in Kumo zone (1) and go sideways, Senkou A and B are located to the downside. Ichimoku cloud is closed (2), lagging line of Chinkou indicator gets closer to the chart, price is located inside of Kumo zone. Short-term scenario is support from Kijun and resistance from Kijun on H4.
GOLD
XAU/USD, Н4. GBP/USD, H4. Signals of the indicator: Tenkan and Kijun lines are influenced by the «dead cross», all lines are horizontal. Ihimoku cloud is going down (2), lagging line of Chinkou indicator is located below chart, price is located below all lines. Short-term scenario is resistance from Tenkan and further decline of price
XAU/USD, H1. Tenkan and Kijun are drifting apart inside of Kumo area (1), Senkou A and B are located to the downside, other lines are horizontal. Ichimoku cloud is descending (2), lagging line of Chinkou indicator is located below the chart, price is located below lines. Short-term scenario is resistance from Sinkou A and B, further decline of 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.