Ichimoku Cloud Analysis 10.10.2011 (GBP/USD, USD/CAD)

10.10.2011

Analysis for October 10th, 2011

GBP/USD

GBPUSD, 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 went from the red zone into the blue one (2), Senkou Span A is also directed upwards, and Senkou Span B is 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 grow and return to support of Kumo.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud forming “Golden Cross” (1), and got very close to each other, Tenkan-Sen is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A turned upwards, Senkou Span B is 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 support of Tenkan-Sen.


USD/CAD

USDCAD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected above the cloud forming “Dead Cross” (1), and are moving away from each other, Tenkan-Sen is directed downwards, and Kijun-Sen is horizontal. Kumo Cloud went from the red zone into the blue one (2), Senkou Span A turned downwards, and Senkou Span B is also horizontal. Chinkou Lagging Span rebounded from the chart, the price is below Tenkan-Sen inside Kumo Cloud. In the near term, we can expect the price to move downwards and resistance of Senkou Span B.



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


Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.