Ichimoku Cloud Analysis 15.09.2011 (GBP/USD, USD/CAD)
15.09.2011
Analysis for September 15th, 2011
GBP/USD
GBPUSD, Time Frame Н4 – Tenkan-Sen and Senkou Span A are directed downwards, Kijun-Sen and Senkou Span B are horizontal, Ichimoku Cloud is going down. Chinkou Lagging Span is below the chart and is away from it, Tenkan-Sen shows resistance, Hammer candlestick is being formed. In the near term, we can expect the price to 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 “Dead Cross”, Kijun-Sen and Senkou Span B are horizontal, and Tenkan-Sen and Senkou Span A are directed upwards, the descending Ichimoku Cloud is narrowing. Chinkou Lagging Span crossed black candlestick and now is above the chart. In the near term, we can expect the price to try to fix itself in 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 upwards, and Kijun-Sen is horizontal. Kumo Cloud is going up, Senkou Span A is horizontal, and Senkou Span B turned upwards. Chinkou Lagging Span is above the chart, the price is above Kijun-Sen. In the near term, we can expect the price to continue falling down up to Senkou Span A.
USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Golden Cross” (1), Tenkan-Sen and Kijun-Sen are horizontal. Kumo Cloud is going up (2), Senkou Span A is horizontal, and Senkou Span B turned downwards. Chinkou Lagging Span is on 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 to 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.