Ichimoku Cloud Analysis 15.11.2011 (GBP/USD, GOLD)

15.11.2011

Analysis for November 15th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are below Kumo Cloud and still under pressure of “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud squeezed and keeps going down (2), Senkou Spans A and B are horizontal. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect the price to return to resistance of Tenkan-Sen and Kijun-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen are moving toward each other after forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen turned downwards. Ichimoku Cloud is going down (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance of Kijun-Sen, support of Tenkan-Sen, and the price to try to return to the cloud.


GOLD

XAUUSD, Time Frame Н4 –– Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Golden Cross” (1), both lines are horizontal. Ichimoku Cloud keeps going up, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, the price is below Kijun-Sen above Kumo Cloud. In the near term, we can expect support of Senkou Span A.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is below Tenkan-Sen and Kijun-Sen inside Kumo Cloud. In the near term, we can expect support of Senkou Span B.


Attention!

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.