Ichimoku Cloud Analysis 07.10.2011 (GBP/USD, USD/CAD)

Analysis for October 7^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 –Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Dead Cross” (1), Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Kumo Cloud is going down (2), Senkou Span A is also directed upwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart, the price has fixed itself above Kijun-Sen. In the near term, we can expect the price to grow and resistance of Senkou Span B.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), are moving away from each other and both are horizontal. Ichimoku Cloud is going up (2), Senkou Spans A and B are also horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect the price to continue moving upwards and return to the support line of Tenkan-Sen.

USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above the cloud forming “Dead Cross” (1), are moving away from each other and both are horizontal. Kumo Cloud is still going up, Senkou Span A turned downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span is on the chart, the price is below Tenkan-Sen. In the near term, we can expect the price to move downwards and resistance of Senkou Span A.



USDCAD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Dead Cross” (1), both lines are horizontal. Kumo Cloud is going down, Senkou Span A is also horizontal, and Senkou Span B is directed downwards. Chinkou Lagging Span is below the chart, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to continue falling down.