Ichimoku Cloud Analysis 19.09.2011 (GBP/USD, USD/CAD)

Analysis for September 19^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud again forming “Dead Cross”, Tenkan-Sen and Kijun-Sen are horizontal. Ichimoku Cloud is still going down, Senkou Spans A and B are also horizontal. Chinkou Lagging Span is below the chart, Tenkan-Sen is showing resistance. In the near term, we can expect the price to try to fix itself in the channel between Tenkan-Sen and Kijun-Sen and resistance of Kijun-Sen.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross”, Tenkan-Sen turned upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going down, Senkou Span A is moving upwards, and Senkou Span B is horizontal. 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 support of Tenkan-Sen and resistance of Kijun-Sen.

USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross”, Tenkan-Sen and Kijun-Sen are horizontal. Kumo Cloud has changed the direction and now is going down (2), Senkou Spans A and B are moving away from each other. Chinkou Lagging Span crossed white candlestick and 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 fall down and return into the channel between Tenkan-Sen and Kijun-Sen near Kumo’s lower border.



USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Kumo Cloud is going down (2), but Senkou Spans A and B are moving towards each other. Chinkou Lagging Span is below 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 move downwards and try to fix itself inside Kumo.