Ichimoku Cloud Analysis 16.11.2011 (GBP/USD, GOLD)

16.11.2011

Analysis for November 16th, 2011

GBP/USD

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



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected again forming “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud is going down (2), Senkou Spans A and B are also directed downwards. Chinkou Lagging Span is below the chart and is moving toward it, 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 is going up, Senkou Spans A and B are horizontal and close to each other. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen inside Kumo Cloud. In the near term, we can expect support of Kijun-Sen, resistance of Senkou Span A, and the price to move inside the cloud.



XAUUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Ichimoku Cloud is going down, Senkou Spans A and B are horizontal and close to each other. Chinkou Lagging Span is on the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and Kijun-Sen, and the price to try to enter into the cloud.


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.