Ichimoku Cloud Analysis 06.11.2013 (GBP/USD, GOLD)
06.11.2013
Analysis for November 6st, 2013
GBP/USD
GBP/USD, H4. Signals of indicator: Tenkan and Kijun are crossed under «golden cross» below Kumo area (1), all lines are horizontal. Ichimoku cloud is going down (2), lagging line of indicator Chinkou crosses the chart from below, price is located inside a Kumo area. In short-term perspective we may see support from Senkou B and attempts to hold above cloud.
GBP/USD, H1.Signals of indicator: Tenkan and Kijun are influenced by «golden cross» (1), Tenkan and Senkou B are going sideways, other lines are located to the upside. Ichimoku cloud is rising (2), lagging line of Chinkou indicator is located above the chart, price is near Tenkan. Short-term perspective can show support from Tenkan and further growth of price.
GOLD
XAU/USD, H4. Signals of the indicator: Tenkan and Kijun are influenced by the «dead cross» (1), Kijun and Senkou A are going down, other lines are horizontal. Ichimoku cloud is going down (2), lagging line of Chinkou indicator is located below the chart, price is located inside of channel Tenkan-Kijun. We can see short-term support from Tenkan and attempts to get close to the cloudbr.
XAU/USD, H1. Tenkan and Kijun are moving apart below Kumo area in the form of «golden cross» (1), all lines are horizontal. Ichimoku cloud is closed (2), lagging line of indicator Chinkou is located above the chart, price is located above lines. Short-term perspective can show us support from Senkou A and B and further growth 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.