Ichimoku Cloud Analysis 12.09.2011 (GBP/USD, USD/CAD)

Analysis for September 12^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen is horizontal, Kijun-Sen is directed downwards, Ichimoku Cloud is going down, Senkou Span A is falling down, and Senkou Span B is 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 return to resistance of Tenkan-Sen and then continue moving downwards.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Kumo Cloud is going down (2), leading Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart and is far away from it, the price is below the indicator’s lines. In the near term, we can expect the price to try breaking resistance of Tenkan-Sen and then continue falling down.

USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud (1), Tenkan-Sen and Kijun-Sen are horizontal. Kumo Cloud is going up (2), Senkou Span A is directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and is moving away from it, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and Kijun-Sen, and then the price to continue moving upwards.



USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud is going up, Senkou Span A is moving upwards, and Senkou Span B is 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 the price to try to fix itself in the channel between Tenkan-Sen and Kijun-Sen and then continue growing.