Ichimoku Cloud Analysis 06.09.2011 (GBP/USD, USD/CAD)

Analysis for September 6^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 - Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen and Kijun-Sen are directed downwards. Ichimoku Cloud is going down (2), Senkou Span A is going down, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart and is far away from it, the price is still below Tenkan-Sen. In the near term, we can expect the price to try breaking resistance of Tenkan-Sen.



GBPUSD, Time Frame Н1 - Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is going down. Kumo Cloud is going down (2), leading Senkou Span A is falling, and Senkou Span B is horizontal. Chinkou Lagging Span is approaching the chart from the bottom, the price is trying to fix itself above Kijun-Sen. In the near term, we can expect the price to grow up to the Kumo’s lower border.

USD/CAD

USDCAD, Time Frame Н4 - 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 has changed the direction and now is going up (2), Senkou Spans A and B are directed upwards. Chinkou Lagging Span is above the chart, away from it, and is going down. In the near term, we can expect the price to try breaking support of Tenkan-Sen and fix itself in the channel between Tenkan-Sen and Kijun-Sen.



USDCAD, Time Frame Н1 - Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross”, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is going up, Senkou Span A is falling, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart and is moving toward it, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect decline of the price, and attempts to fix itself below Kijun-Sen.