Ichimoku Cloud Analysis 17.11.2011 (GBP/USD, GOLD)

17.11.2011

Analysis for November 17th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Ichimoku Cloud keeps going down (2), Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart and is away from it, and the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to try to stay inside the channel between Tenkan-Sen and Kijun-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (2) once again, both lines are horizontal. Ichimoku Cloud is going down (2), Senkou Span A is horizontal, and Senkou Span B is directed downwards. Chinkou Lagging Span is below the chart and got very close to it, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Tenkan-Sen and resistance of Kijun-Sen, and the price to move upwards and reach the cloud’s lower border.


GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Golden Cross” (1), but Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud went from the red zone into the blue one (2), Senkou Span A is directed downwards, and Senkou Span B turned upwards. Chinkou Lagging Span is on the chart, the price is inside Kumo, below Tenkan-Sen and Kijun-Sen. In the near term, we can expect resistance of Tenkan-Sen and Kijun-Sen and the price to continue falling down.



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


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.