Article By RoboForex.com
Analysis for November 11th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); W Senkou Span A provided resistance. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is getting closer to the chart, and the price is still between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen and another resistance from W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but they still are very close to each other. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect support from the cloud’s lower border, and continuation of the ascending correction.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is moving downwards and widening (2). Short‑term forecast: we can expect resistance from Kijun-Sen, and continuation of the price decline.
RoboForex Analytical Department
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Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
