Ichimoku Cloud Analysis 17.10.2011 (GBP/USD, USD/CAD)

Analysis for November 21^th, 2011

GBP/USD

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), both lines are directed downwards and moving towards each other. Ichimoku Cloud keeps going down (2), Senkou Span A turned downwards, and Senkou Span B is horizontal. 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 moving downwards.



GBPUSD, Time Frame Н1 – Tenkan-Sen and Kijun-Sen intersected forming “Dead Cross” (1), both lines are directed downwards. Ichimoku Cloud is going down (2), Senkou Span A turned downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart is moving away from it, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to continue moving downwards.

GOLD

XAUUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen are still under pressure of “Dead Cross” (1), Tenkan-Sen is horizontal, and Kijun-Sen is directed downwards. Kumo Cloud is going down (2), Senkou Span A is directed downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is below the chart and is far away from it, the price is below the indicator’s lines. In the near term, we can expect resistance of Tenkan-Sen and the price to try to stay inside the channel between Tenkan-Sen and Kijun-Sen.



XAUUSD, 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 Spans A and B are also horizontal. 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 attempts of the price to return to the cloud.