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Ichimoku Cloud Analysis: GBP/USD, Gold

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for November 18th, 2015 GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud (1). Ichimoku Cloud is very narrow, but continues heading down (2), Chinkou Lagging Span is close to the chart, and the price is moving inside Kumo. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price towards the cloud’s upper border and D Kijun-Sen. GBPUSD, Time

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