Ichimoku Cloud Analysis 14.09.2011 (GBP/USD, USD/CAD)
14.09.2011
Analysis for September 14th, 2011
GBP/USD
GBPUSD, Time Frame Н4 – all indicator’s lines are still 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 – all indicator’s lines are directed downwards, Ichimoku Cloud is also 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 move downwards and try breaking resistance of Tenkan-Sen
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 horizontal. Kumo Cloud is going up, Senkou Spans A and B are horizontal. Chinkou Lagging Span crossed black candlestick and now is above the chart, the price is below Tenkan-Sen. In the near term, we can expect resistance of Kijun-Sen and support of Senkou Span A.
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. Kumo Cloud is going down, Senkou Spans A and B are horizontal. Chinkou Lagging Span rebounded from the chart downwards, the price is above Kijun-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 grow up to Kumo’s upper border.
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.