Ichimoku Cloud Analysis 20.09.2011 (GBP/USD, USD/CAD)

Analysis for September 20^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud again forming “Dead Cross”, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is still going down, leading Senkou Spans A and B are directed downwards. 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 turned downwards. 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 above Kijun-Sen. In the near term, we can expect support of Kijun-Sen and resistance of Senkou Span A.

USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen moved very close to each other after forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud has changed the direction and now is going down (2), Senkou Span A turned upwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is on the chart, the price is inside Kumo Cloud. In the near term, we can expect the price to fall down to Kumo’s lower border and support of Senkou Span B.



USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud is going up (2), but Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above 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 support of Kijun-Sen.