Ichimoku Cloud Analysis 13.09.2011 (GBP/USD, USD/CAD)
13.09.2011
Analysis for September 13th, 2011
GBP/USD
GBPUSD, Time Frame Н4 – all indicator’s lines are directed downwards, Ichimoku Cloud is going down. Chinkou Lagging Span is below the chart and is away from it, Tenkan-Sen shows resistance. In the near term, we can expect the price to continue falling down and try to fix itself in the channel between Tenkan-Sen and Kijun-Sen.
GBPUSD, 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 down (2), leading Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is on the chart and crossed black candlestick, the price is below the indicator’s lines. In the near term, we can expect decline of the price.
USD/CAD
USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud again forming “Golden Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Kumo Cloud is going up (2), Senkou Spans A and B are directed upwards. Chinkou Lagging Span is not on the chart and is moving away from it, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to grow and resistance of Tenkan-Sen.
USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Senkou Spans A and B intersected in upward direction. Chinkou Lagging Span is below the chart, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect the price to continue moving inside Kumo Cloud and resistance of Senkou Span A.
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.