Article By RoboForex.com
Analysis for November 11th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is going down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short term forecast: we can expect resistance from M Senkou Span A, support from Tenkan-Sen, and attempts of the price to stay inside the cloud.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud. Chinkou Lagging Span is above the chart, Kumo Cloud is going up (2), and the price is on Kijun-Sen. Short term forecast: we can expect support from Senkou Span A, and attempts of the price to stay above the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1), Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is below the chart, Kumo Cloud is heading down (2), and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Kijun-Sen, and attempts of the price to stay inside the cloud.
RoboForex Analytical Department
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
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.
