Article By RoboForex.com
Analysis for November 29th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); Kijun-Sen is horizontal, other lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and price is on Tenkan-Sen. Short‑term forecast: we can expect support from Tenkan-Sen and price to grow up.
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span are directed downwards, other lines are horizontal. Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart, and price is on Kijun-Sen. Short‑term forecast: we can expect support from Senkou Span A and growth of price.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other inside Kumo Cloud, they may intersect and form “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards, Senkou Span B is moving downwards, Kijun-Sen is horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is above the chart, and the price is on Senkou Span A. Short‑term forecast: we can expect attempts of price to stay above Kumo.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other inside Kumo Cloud, they may intersect and form “Golden Cross” (1); Senkou Span B is horizontal, other lines are directed upwards. Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and price is above Kumo. Short‑term forecast: we can expect price to return to cloud’s broken border.
RoboForex Analytical Department
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.
