Ichimoku Cloud Analysis 05.10.2011 (GBP/USD, USD/CAD)

Analysis for October 5^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Kumo Cloud is going down (2), Senkou Span A is also horizontal, and Senkou Span B is moving downwards. 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 the price to grow up to Kijun-Sen.



GBPUSD, 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. Ichimoku Cloud is going down (2), Senkou Spans A and B are very close to each other and are directed downwards. Chinkou Lagging Span is on the chart and crossed black candlestick, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect support of Kijun-Sen and the price to try to move inside Kumo Cloud.

USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above the cloud forming “Golden Cross”, Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud is going up, Senkou Span A is moving upwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is above the chart and is away from it, the price is in the channel between Tenkan-Sen and Kijun-Sen. In the near term, we can expect and the price to move downwards up to Kijun-Sen.



USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Kumo Cloud is going up, Senkou Spans A and B are also horizontal. 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 grow up to Kijun-Sen and support of Kijun-Sen.