Ichimoku Cloud Analysis 09.09.2011 (GBP/USD, USD/CAD)

Analysis for September 9^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Ichimoku Cloud is going down (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart and is away from it, the price is still below Tenkan-Sen. In the near term, we can expect the price to continue moving downwards and try to fix itself above Tenkan-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is going down (2), leading Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is below Tenkan-Sen. In the near term, we can expect the price to try to fix itself above Tenkan-Sen, resistance of Senkou Span B, and then the price to move upwards to Kumo Cloud.

USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is directed upwards. Kumo Cloud has changed the direction and now is going up (2), leading Senkou Span A is directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and the price to continue moving upwards.



USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross”, Tenkan-Sen and Kijun-Sen are horizontal. Kumo Cloud is going up, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart and is away from it, the price is above Tenkan-Sen. In the near term, we can expect resistance of Senkou Span B.